HDFC Mutual Fund decreased its stake in Redington Limited from 9.03% to 7.27% by selling 13,760,858 shares. This position change is worth ₹502.32 Cr at ₹365.10 per share.
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.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.
