Redington

In February 2007, Redington went to the Capital Market with an Initial Public Offer of 1,32,31,000 equity shares of Rs.10/-each. The IPO proceeds were deployed in accordance with the IPO Offer document. The shares are listed on National Stock Exchange of India Limited and Bombay Stock Exchange Ltd.

• The promoter of the Company is M/s. Redington Mauritius Limited (RML), Mauritius and is an investment holding company.
• Another major shareholder is M/s. Synnex Mauritius Limited (SML) and is a strategic investor in Redington. Synnex Mauritius is a subsidiary of Synnex Technology International Corp. A leader in distribution, the company is the largest dedicated distributor in the Asia-Pacific Region.
• In 2011, Standard Chartered Private Equity, a private equity investor, has acquired a stake of 11.99 % in the Company.

• Sub Division of shares:

  The shareholders of the company at their Annual General Meeting held on 20th July 2012 approved sub-division of shares of face value of Rsi.10/- each into five equity shares of Rs.2/- each. Accordingly, shares of face value of Rs.10/- was sub-divided into five equity shares of face value of Rs.2/- each during Fy 2010-11. The record date for the purpose of sub-division was fixed as 23RD August 2010. Post sub division of shares, the liquidity of trading of the shares improved and the total traded quantity in the Stock Exchanges increased.

• Employee Share Purchase Scheme 2006:

  On 1st July 2006, the company allotted 15,52,500 equity shares of Rs.10/- each under the Employee Share Purchase Scheme 2006. The Scheme was administered through Redington Employee Share Purchase Trust and the shares were granted to the employees at Rs.62/- per share.

  Pursuant to SEBI Circular dated 17th January 2013, the Board of Directors at their meeting held on 31st January 2013 approved the amendment in the existing ESPS Scheme to provide that the trust shall not deal with the securities of the Company in the secondary market. Click here to view the details

• Employee Stock Option Plan 2008:

  With an objective to attract and retain talent, Redington instituted an Employee Stock Option Plan 2008 in February 2008 and granted 23,35,973 options to the employees of the Company and its subsidiaries at the then existing market price of Rs.348.05 per option. To make the scheme more attractive during the year 2008-09, 19,95,830 options were repriced at Rs.130/- per option and on 21 May 2009, 1,00,000 options were repriced at Rs.165/- per option.