Creative Peripherals and Distribution signs distribution agreement with Panasonic

On Thursday, Creative Peripherals announced that it has become the authorized distributor for a premium range of Panasonic audio products across the Western region of India, including Madhya Pradesh, Chhattisgarh, and Rajasthan. The product portfolio comprises of a wide range of wired and wireless headphones and speakers, which would be arriving in H1FY20, including hi-resolution, noise cancelling, sports, and various other types of headsets and earphones.

Commenting on the development, Ketan Patel, the chairman and managing director of Creative Peripherals and Distribution, stated that the association with Panasonic testified the confidence his company has instilled in such brands to enter and capitalize on the domestic markets.

Creative Peripherals and Distribution operates in the distribution industry. Its primary business consists of the sale of computer peripherals. It is also engaged in the business of distribution of IT products, imaging, lifestyle, and telecom products and operates a dealer network of around 6,000 dealers.

On Thursday, the stock closed at Rs 107.55, up by 2.87 per cent or Rs 3.00 per share on the NSE. The 52-week high is recorded at Rs 108.90 and the 52-week low is recorded at Rs 58.