Announced Wed, 8 Apr · 17:20 IST
Redtape acquires sports footwear brand Sprandi for South Asia market
Strategic Transactions View source PDF
REDTAPE · price
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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹121.00
prior close
₹124.79
base price
After-mkt
timing
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+0.4+0.2+0.2-0.6+0.9+0.2+1.6+1.0+1.7+0.8+6.6+11.6+10.0+11.4
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AI summary
Redtape Limited has acquired international sports footwear brand Sprandi for India, Nepal, Bhutan and Sri Lanka. Sprandi is a globally recognised brand with strong sales in China, Russia, the Middle East and CIS countries. Redtape plans to launch the brand in India soon through online and retail channels with large volumes.
Likely market impact
Expands Redtape's portfolio into sports footwear; could boost revenue and brand diversification in the domestic market.