Acquisitions8 April 2026 at 12:01 pm
Redtape Ltd Acquires Globally Recognized Sports Footwear Brand SPRANDI
AI Summary
REDTAPE Limited has announced the acquisition of the international sports footwear brand SPRANDI for India, Nepal, Bhutan, and Sri Lanka. SPRANDI is a well-established brand with strong sales volumes in international markets like China, Russia, the Middle East, and CIS countries. The brand is set to launch in the Indian market soon through both online and retail stores.
Key Highlights
- REDTAPE Limited acquires SPRANDI, a globally recognized sports footwear brand.
- SPRANDI has strong sales volumes in international markets like China, Russia, the Middle East, and CIS countries.
- The brand is set to launch in the Indian market through online and retail stores.
- This acquisition is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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