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StanChart PE offloads more stake in Redington

By Joseph Rai

  • 22 Mar 2017
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StanChart PE offloads more stake in Redington
Credit: Shah Junaid/VCCircle

Standard Chartered Private Equity (StanChart PE) continues to offload more stake in its six-year-old bet on Chennai IT products distributor Redington (India) Ltd taking advantage of the bull run in the market.In the latest transaction, the PE firm sold another 4% stake in Redington for Rs 176 crore ($26.5 million), ......

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