What to watch. Redington to turn ex-date for buyback

Shares of Redington (India), the Chennai-based end-to-end supply chain solutions provider, will remain in focus, as they turn ex-date for the proposed buyback on Thursday. The company plans to buy back 1.11 crore equity shares (or 2.78 per cent of the total paid-up equity capital) at ₹125 a share for an aggregate amount of ₹139 crore. Investors wishing to participate in the buyback need to own the company’s shares by Wednesday, as it has fixed September 28 as the record date.