Company Profile

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.

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.

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.

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.

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.

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.

The promoters holding in the company stood at 71.76%, while Institutions and Non-Institutions held 10.96% and 17.27% respectively.

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.

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.

Subex 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.

ITCONS E-Solutions 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. 

Bank of India 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).

Infosys 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.

AU Small Finance Bank (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. 

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 5, 2023), based in China. The said subsidiary has been incorporated for the purpose Retail trading of footwear and garments.

Hindustan Aeronautics 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.

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.

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.