Government Pension Fund Global (Norway) trimmed its stake in Redington Limited from 2.16% to 2.01%, selling 11,77,065 shares. Based on the market price of ₹401.60 per share, the transaction is valued at approximately ₹47.27 crore.
A leading distributor of IT and mobility products across India, the Middle East, Turkey, and Africa, Redington Limited provides comprehensive supply chain management solutions and support services to technology vendors and enterprises. Established in 1993, the company specializes in connecting manufacturers with retailers and end customers through integrated distribution networks, logistics expertise, and value-added services that enhance operational efficiency across the technology sector.
Norway's sovereign wealth fund, managed by Norges Bank Investment Management. World's largest SWF with over USD 2 trillion in assets, invested across 8,700+ companies globally including Indian equities.
