Bengaluru, April 9 -- The shares of the prominent footwear brand jumped up to 6 percent in today's trading session after the company announced the acquisition of the international sports footwear brand SPRANDI for India, Nepal, Bhutan, and Sri Lanka.

With a market capitalization of Rs 6,832.70 crore, the shares of Redtape Ltd were trading at Rs 123.30 per share, increasing around 1.36 percent as compared to the previous closing price of Rs 121.65 apiece.

Acquisition

The shares of Redtape Ltd have seen positive movement after strengthening its growth strategy by acquiring SPRANDI rights across India and neighbouring markets, signaling expansion beyond its core portfolio. The move leverages SPRANDI's global presence to tap rising demand ...