Redington India slumped as much as 19.1 pct, close to its daily limit.

Apple ropes in distribution giant Brightstar for India sales – newspaper Economic Times reports.

Brightstar is a US-based privately held company controlled by Softbank.

Redington handles 60-70 pct of Apple’s India sales – Analysts.

Apple contributes 12 pct of Redington’s consolidated revenues – India Infoline.

Redington shares have also seen a triangle breakdown pattern – Technical Analysts.