REDTAPE Limited acquires international sports footwear brand SPRANDI for South Asia
Redtape · Consumer Durables
Key highlights
- REDTAPE Limited acquired the SPRANDI brand for India, Nepal, Bhutan, and Sri Lanka.
- SPRANDI is an established global brand with strong sales in China, Russia, Middle East, and CIS countries.
- REDTAPE plans to launch SPRANDI in India soon via online and retail stores with large volumes.
Why it's rated notable: The filing states a completed brand acquisition for India, Nepal, Bhutan and Sri Lanka but gives no consideration amount, so the level cannot be sized against market value of ₹6,013 crore and stays at medium.
Original filing
Intimation Pursuant To Acquisition Of Brand Under Regulation 30 Of SEBI (LODR) Regulations, 2015
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Potential multibaggers · Q2 FY27
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.