Redtape gains 6% after buying Sprandi for India and South Asia
News by Aliceblue News Desk
09 Apr 2026
Introduction
Leading footwear company acquires international sports brand SPRANDI for India, Nepal, Bhutan, and Sri Lanka, planning to launch products through online platforms and retail stores soon.
Share price movement of Redtape
On April 09, 2026, Redtape Ltd opened at ₹125.25, up 2.97% from its previous close of ₹121.65. The stock reached a high of ₹128.95 (5.98%) and a low of ₹122.40. By 12:18 PM, it traded at ₹123.80, a 1.77% increase, with a market cap of ₹6,843.76 crore.
Redtape Acquires SPRANDI Footwear Brand
Redtape Limited has acquired the international sports footwear brand SPRANDI for India, Nepal, Bhutan, and Sri Lanka. The brand already has strong sales in China, Russia, Middle East, and CIS countries.
Redtape plans to launch SPRANDI in the Indian market soon. The brand will be available through online platforms and retail stores, targeting large sales volumes across multiple regions.
Stock performance of Redtape for period of 1 week, 6 months, and 1 year
Redtape Ltd delivered a 1-week return of 6.11%, a 6-month return of -11.3%, and a 1-year return of -12.4%.
Shareholding pattern of Redtape
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 |
| Promoter | 71.80% | 71.80% | 71.80% |
| FII | 4% | 3.80% | 3.60% |
| DII | 10.90% | 10.80% | 10.30% |
| Public | 14% | 13.60% | 14.30% |
About Redtape
Redtape Ltd (NSE: Redtape) is a leading fashion and lifestyle brand in India, offering footwear, clothing, and accessories across 435+ stores for all age groups.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is Redtape Ltd share price rising today?
A: Redtape Limited acquires international sports footwear brand SPRANDI for India, Nepal, Bhutan, and Sri Lanka, planning launch through online and retail stores.
Q: What is Redtape Ltd’s main business focus?
A: Redtape Ltd focuses on fashion and lifestyle products, offering footwear, clothing, and accessories across India for all age groups.
Q: What are the 52-week high and low of Redtape Ltd stock?
A: Redtape Ltd stock has a 52-week high of ₹163.20 and a 52-week low of ₹102.05.
News Author
Aliceblue News Desk
