India's Redington slides; says Gulf operations restricted

Redington

17/03/2026 04:13

** Shares of Redington REDI.NS down 4% to 223.6 rupees

** Co, which distributes Apple AAPL.O products, says its operations in the Gulf region have been restricted due to geo-political tensions

** Cites re-routing of shipments, need for increased working capital, increase in freight, insurance and logistics costs

** Co says it cannot reliably quantify the financial impact at this stage

** Stock set to fall for a fifth straight session

** YTD, REDI down ~18%

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))