Thanks Colin. I did the steps as per your comments and still same error.
Content Manager client>Administration>System> Web Server and Entered
For Content Manager web server URL enter : http://<CMServer>/contentmanager
For URL format select Content Manager Web Client and saved.
I can able to access Content Manager Web URL alone in browser and it is working. But, this redirect is not working. I checked "Redirector.exe.config" and not much config entry to update. I am trying to Is there any way to hard code and check the web client to connect via Redirect service ? thanks in advance