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Redtape Founders Eye $509 Million Stake Sale, Approach Global Investors

Swarnadwip Nath Published Apr 02, 2026, 03:43 PM Updated Sep 17, 2026, 09:38 PM

Redtape’s founding family is exploring a stake sale worth up to $509 million, appointing Ernst & Young as financial adviser. The promoters have reached out to global private equity giants Blackstone and KKR to gauge interest, signaling a major strategic move in India’s footwear and apparel sector.