Redtape Limited Acquires Global Footwear Brand SPRANDI for India, Nepal, Bhutan, and Sri Lanka
Redtape Limited has announced the acquisition of the international sports footwear brand SPRANDI. The brand will be launched across India, Nepal, Bhutan, and Sri Lanka.SPRANDI is noted as a well-established and globally recognized brand. The company's existing sales volumes are already strong in international markets, including China, Russia, the Middle East, and CIS countries. Redtape Limited plans to introduce this brand to the Indian market soon through both Online and Retail stores, anticipating large volumes.
REDTAPE Stock Price Movement
Today, Redtape Limited shares gained 6.12% in after-hours trading, finishing at ₹121.23. The stock settled today on a notable volume, recording 512,889 shares traded during the session.Source:
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