Redington to come up with Rs 150 cr IPO

MD at Redington, R Srinivasan says that the money raised from the new issue would go towards setting up a new distribution centers in India. He adds that the company is looking to raise about Rs 150 crore and the price range is between Rs 95-113 per share.

Redington India, is a leading distributor of IT products.The issues, which opens on January 22 and closes on January 25, shall comprise 16.99 per cent of the fully diluted post-issue capital of the company.

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Excerpts from CNBC-TV18's exclusive interview with R Srinivasan: