REDTAPE LTD.
NSE : REDTAPEBSE : 543957ISIN
CODE : INE0LXT01019Industry : RetailingHouse
: Private
BSE729.00-6.9 (-0.94 % )
PREV CLOSE (Rs.) 735.90
OPEN PRICE (Rs.) 721.20
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 108
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE729.00 -9.1 (-1.23 % )
PREV CLOSE(Rs.) 738.10
OPEN PRICE (Rs.) 740.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 729.00 (148 )
VOLUME 9724
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 23-Apr-2024 | Redtape commences online operational activity from new warehouse in Thane | <p style="text-align: justify;">Redtape has commenced online operational activity from its new warehouse situated at Bhiwandi, Thane, Maharashtra with effect from April 22, 2024. This new warehouse having storage area of 60,000 square feet. This new warehouse facility will help the company to fulfil delivery of the company's products more efficiently to the online shopping customers.</p><p style="text-align: justify;">Redtape is a Premium Lifestyle & Fashion brand upholding its commitment to providing consumers with the Best of International Styles, Top-Notch Quality and Unparalleled Comfort at competitive prices.</p><div style="text-align: justify;"><br></div> |
| 23-Apr-2024 | Redtape jumps on commencing online operational activity from new warehouse in Thane | <p style="text-align: justify;">Redtape is currently trading at Rs. 716.25, up by 15.10 points or 2.15% from its previous closing of Rs. 701.15 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 702.00 and has touched a high and low of Rs. 718.00 and Rs. 702.00 respectively. So far 1037 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 736.50 on 09-Apr-2024 and a 52 week low of Rs. 410.55 on 07-Sep-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 720.00 and Rs. 688.35 respectively. The current market cap of the company is Rs. 9914.60 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 71.76%, while Institutions and Non-Institutions held 10.96% and 17.27% respectively.</p><p style="text-align: justify;">Redtape has commenced online operational activity from its new warehouse situated at Bhiwandi, Thane, Maharashtra with effect from April 22, 2024. This new warehouse having storage area of 60,000 square feet. This new warehouse facility will help the company to fulfil delivery of the company's products more efficiently to the online shopping customers.</p><p style="text-align: justify;">Redtape is a Premium Lifestyle & Fashion brand upholding its commitment to providing consumers with the Best of International Styles, Top-Notch Quality and Unparalleled Comfort at competitive prices.</p> |
| 16-Mar-2024 | Redtape informs about disclosures | <div style="text-align: justify;">Redtape has informed that the Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shuja Mirza.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE. </div><div style="text-align: justify;"><br></div> |
| 07-Mar-2024 | Subex, ITCONS E-Solutions and Bank of India to see some action today | <p style="text-align: justify;"><b>Subex </b>has won a deal with a leading telecom operator in Southeast Asia. This deal involves the deployment of Subex's state-of-the-art Business Assurance and Fraud Management solutions on HyperSense. This significant development continues the over two-decade-long alliance between Subex and the operator, building on the successful implementation of ROC Revenue Assurance and Fraud Management systems.</p><p style="text-align: justify;"><b>ITCONS E-Solutions</b> has won new bid for 90 employees from Wipro to provide desktop/ helpdesk support services for the period of 5 years. Deployment of resources will start from May 1, 2024 onwards. The aggregate amount of the bid is Rs 10.41 crore. </p><p style="text-align: justify;"><b>Bank of India</b> has invested Rs 60.35 crore in National Asset Reconstruction Company (NARCL), under Preferential Share Issuance. As a result of this equity participation, Bank of India's equity holdings in NARCL will remain the same at 9% (after allotment of new shares).</p><p style="text-align: justify;"><b>Infosys </b>has renewed its digital innovation partnership with the ATP Tour until 2026. The three-year extension of the partnership will continue to draw on Infosys' deep expertise in digital technologies like Artificial Intelligence, Data Analytics, and Cloud, which will enrich the fan experience and player performance in professional tennis. Since the partnership's inception in 2015, Infosys and ATP have collaborated to deploy rich and innovative digital assets for ATP, including reinventing the legacy ATP PlayerZone intranet portal, launching the first ever ATP Tour fan app, and several AI-first features powered by Infosys Topaz across the Infosys ATP Stats Center.</p><p style="text-align: justify;"><b>AU Small Finance Bank </b>(AU SFB) has commenced operations at its fifth branch in Indore, located at Ranjeet Hanuman Road. This new branch expands AU SFB's banking touchpoint network to 49 in Madhya Pradesh. This strategic expansion further solidifies AU SFB's unwavering commitment to meeting the financial needs of Indore, recognized as the financial capital of Madhya Pradesh. </p><p style="text-align: justify;"><b>Redtape</b>'s wholly owned subsidiary -- REDTAPE HK has incorporated a Subsidiary Company by the name of REDTAPE (Quanzhou) Sports Goods (wholly owned by REDTAPE HK) vide certificate of incorporation dated February 29, 2024 (intimation received on March 5, 2023), based in China. The said subsidiary has been incorporated for the purpose Retail trading of footwear and garments.</p><p style="text-align: justify;"><b>Hindustan Aeronautics</b> has signed an amendment to the LCA IOC Contract. The value of the Contract has been revised from Rs 2700.87 crore to Rs 5077.95 crore.</p> |
| 06-Mar-2024 | Redtape's arm incorporates subsidiary company in China | <p style="text-align: justify;">Redtape's wholly owned subsidiary -- REDTAPE HK has incorporated a Subsidiary Company by the name of REDTAPE (Quanzhou) Sports Goods (wholly owned by REDTAPE HK) vide certificate of incorporation dated February 29, 2024 (intimation received on March 6, 2023), based in China. The said subsidiary has been incorporated for the purpose of retail trading of footwear and garments.</p><p style="text-align: justify;">Redtape is a Premium Lifestyle & Fashion brand upholding its commitment to providing consumers with the Best of International Styles, Top-Notch Quality and Unparalleled Comfort at competitive prices.</p><div style="text-align: justify;"><br></div> |
| 29-Dec-2023 | RedTape jumps on tying up with ONDC | <p style="text-align: justify;">Redtape is currently trading at Rs. 467.60, up by 7.65 points or 1.66% from its previous closing of Rs. 459.95 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 456.05 and has touched a high and low of Rs. 471.00 and Rs. 456.05 respectively. So far 16246 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 574.90 on 17-Oct-2023 and a 52 week low of Rs. 410.55 on 07-Sep-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 475.70 and Rs. 454.75 respectively. The current market cap of the company is Rs. 6429.84 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 71.76%,while Institutions and Non-Institutions held 8.66% and 19.57% respectively.</p><p style="text-align: justify;">RedTape has entered into Strategic, Marketing & Technical tie-up with Open Network for Digital Commerce (ONDC) for marketing its products. The ONDC, an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry, which enable local commerce across segments, such as mobility, grocery, food order and delivery, hotel booking and travel, among others, to be discovered and engaged by any network-enabled application. This platform aims to create new opportunities, curb digital monopolies and by supporting & providing online platforms, between buyer & seller.</p><p style="text-align: justify;">RedTape is a Premium Lifestyle & Fashion brand upholding its commitment to providing consumers with the Best of International Styles, Top-Notch Quality and Unparalleled Comfort at competitive prices.<br></p><div style="text-align: justify;"><br></div> |
| 29-Dec-2023 | RPP Infra Projects, Lemon Tree Hotels and Exide Industries to see some action today | <p style="text-align: justify;"><b>RPP Infra Projects </b>has received a letter of acceptance (LoA) of new projects viz Construction of Deeply Depleted Uranium Oxide (DDUO) Building at BARCF, Kalpakkam, chengalpattu Tamilnadu at a contract price of Rs 37.77 crore (including of GST). The company has received LoA hardcopy as on December 28, 2023. </p><p style="text-align: justify;"><b>Lemon Tree Hotels </b>has signed a Franchise Agreement for upcoming hotel in Mussoorie, Uttarakhand under the Company's brand ‘Lemon Tree Hotel'. This opening will be in addition to its eight existing and seven upcoming hotels & resorts in the state. The property which shall be franchised by Lemon Tree Hotels, is expected to open in FY25. Nestled amidst the foothills of the Himalayas, Mussoorie reigns supreme as the ‘Queen of the Hills'. This captivating hill station in India's Uttarakhand state beckons with its breathtaking beauty and diverse offerings. A captivating paradise for leisure travellers, it is a perfect summer resort. Mussoorie spreads across at a height of 2,000 m above sea level.</p><p style="text-align: justify;"><b>Exide Industries</b> (EIL) has invested Rs 39,99,99,975 by way of subscription in the equity share capital of its wholly owned subsidiary, Exide Energy Solutions (EESL), on rights basis. With this investment, the total investment made by the Company in EESL stands to Rs 1,820.01 crore. There is no change in the shareholding percentage of the Company in EESL pursuant to such an acquisition. </p><p style="text-align: justify;"><b>RedTape</b> has entered into Strategic, Marketing & Technical tie-up with Open Network for Digital Commerce (ONDC) for marketing its products. The ONDC, an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry, which enable local commerce across segments, such as mobility, grocery, food order and delivery, hotel booking and travel, among others, to be discovered and engaged by any network-enabled application. This platform aims to create new opportunities, curb digital monopolies and by supporting & providing online platforms, between buyer & seller.</p><p style="text-align: justify;"><b>Elpro International </b>has acquired 1,17,897 equity shares of Multi Commodity Exchange of India (MCX) for Rs 10.00 crore. The Previous Holding was 31,180 Equity Shares and Total Holding with Fresh Acquisition is 1,49,077 Equity Shares.</p><p style="text-align: justify;"><b>Crompton Greaves Consumer Electricals </b>has launched a new product ‘Pluto Pro Plus ' in Flood Light category. The said product has been launched on December 27, 2023 and will cater to domestic market. Earlier, the company had launched a new product - ‘CAVELO' in 70W Well Glass Trade category.</p><p style="text-align: justify;"><b>RailTel Corporation of India</b> has received the work order amounting to Rs. 120.45 crore (Including GST) from South Central Railway for comprehensive signalling and telecommunication works for provision of automatic block signalling system in Yermaras-Nalwar section of Guntakal division in South Central Railway.</p> |
| 28-Dec-2023 | RedTape ties-up with ONDC | <p style="text-align: justify;">RedTape has entered into Strategic, Marketing & Technical tie-up with Open Network for Digital Commerce (ONDC) for marketing its products. The ONDC, an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry, which enable local commerce across segments, such as mobility, grocery, food order and delivery, hotel booking and travel, among others, to be discovered and engaged by any network-enabled application. This platform aims to create new opportunities, curb digital monopolies and by supporting & providing online platforms, between buyer & seller.</p><p style="text-align: justify;">RedTape is a Premium Lifestyle & Fashion brand upholding its commitment to providing consumers with the Best of International Styles, Top-Notch Quality and Unparalleled Comfort at competitive prices.</p><div style="text-align: justify;"><br></div> |
| 26-Dec-2023 | Redtape's arm enters into strategic, marketing & technical tie-up with Daraz | <p style="text-align: justify;">Redtape's wholly-owned subsidiary -- Redtape Bangla has entered into Strategic, Marketing & Technical tie-up with Daraz, a Bangladesh based online shopping platform for sale of REDTAPE Products in Bangladesh. This tie up will provide new opportunities to the company to expand its overseas business.</p><p style="text-align: justify;">RedTape is a Premium Lifestyle & Fashion brand upholding its commitment to providing consumers with the Best of International Styles, Top-Notch Quality and Unparalleled Comfort at competitive prices.</p> |
| 26-Dec-2023 | Redtape rises as its arm enters into strategic, marketing & technical tie-up with Daraz | <p style="text-align: justify;">Redtape is currently trading at Rs. 469.20, up by 3.45 points or 0.74 % from its previous closing of Rs. 465.75 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 469.40 and has touched a high and low of Rs. 475.70 and Rs. 467.45 respectively. So far 11138 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 574.90 on 17-Oct-2023 and a 52 week low of Rs. 410.55 on 07-Sep-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 475.70 and Rs. 437.70 respectively. The current market cap of the company is Rs. 6487.20 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 71.76 % while Institutions and Non-Institutions held 8.66 % and 19.57 % respectively.</p><p style="text-align: justify;">Redtape's wholly-owned subsidiary -- Redtape Bangla has entered into Strategic, Marketing & Technical tie-up with Daraz, a Bangladesh based online shopping platform for sale of REDTAPE Products in Bangladesh. This tie up will provide new opportunities to the company to expand its overseas business.</p><p style="text-align: justify;">RedTape is a Premium Lifestyle & Fashion brand upholding its commitment to providing consumers with the Best of International Styles, Top-Notch Quality and Unparalleled Comfort at competitive prices.</p> |
