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The board of Redington, the Chennai-based end-to-end supply chain solutions provider, on Monday approved a buyback proposal for purchase by the company of its own fully paid-up equity shares of ₹2 each not exceeding 1.11 crore equity shares (being 2.78 per cent of total paid-up equity capital of the company) at a price of ₹125 an equity share for an aggregate amount of up to ₹139 crore. Redington’s share price on the BSE closed at ₹106.90, down 4.34 per cent.
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