Redtape soars on acquiring international sports footwear brand 'Sprandi'
Redtape is currently trading at Rs. 125.00, up by 3.35 points or 2.75% from its previous closing of Rs. 121.65 on the BSE.
The scrip opened at Rs. 125.25 and has touched a high and low of Rs. 128.95 and Rs. 124.15 respectively. So far 13745 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 163.20 on 19-Sep-2025 and a 52 week low of Rs. 102.05 on 02-Mar-2026.
Last one week high and low of the scrip stood at Rs. 128.95 and Rs. 123.85 respectively. The current market cap of the company is Rs. 6724.90 crore.
The promoters holding in the company stood at 71.79%, while Institutions and Non-Institutions held 14.76% and 13.45% respectively.
Redtape has acquired international sports footwear brand -- ‘Sprandi’ for India, Nepal, Bhutan & Sri Lanka. Sprandi is a well-established and globally recognised brand, already achieving strong sales volumes in international markets like China, Russia, Middle East & CIS countries. The company is planning to launch this brand in the Indian market through Online and Retail stores with large volumes.
