Archive · 13 Jan 2026
RedTape Founders Explore $500M Stake Sale
The family that owns RedTape, a popular shoe and clothing company, is thinking about selling a big part or all of their shares.
They have asked a company called Ernst & Young to help them find buyers.
Two big investment companies, Blackstone and KKR, might be interested.
The news made RedTape's stock price go up by 11% in one day.
RedTape sells shoes, clothes, and other things in India and many other countries.
They make a lot of money, but their profits went down a little bit last year.
RedTape founders, the Mirza family, are exploring a sale of a majority or full stake in the company.
Ernst & Young (EY) has been appointed as the exclusive financial adviser for the potential divestment.
Global private equity firms Blackstone and KKR have been approached to gauge interest in acquiring the stake.
RedTape shares surged 11% on Monday following the news, marking the company's biggest-ever intraday gain.
The company operates in a competitive footwear and apparel market, with a presence in 14 countries and over 600 retail stores in India.
- Who
- The Mirza family, founders of RedTape, and potential buyers Blackstone and KKR
- What
- Exploration of a majority or full stake sale in RedTape
- When
- Currently in the process of seeking non-binding indicative offers
- Where
- India, with a presence in 14 countries including the US, UK, Australia, Europe, and West Asia
- Why
- To potentially divest their stake in the company
- Company
- RedTape
- Founding Family
- Mirza family
- Potential Buyers
- Blackstone, KKR
- Financial Adviser
- Ernst & Young (EY)
- Current Market Value (50% stake)
- $355.6 million
- Current Market Value (71.7% stake)
- $509.4 million
- Shares Surge
- 11% higher on Monday
- Year-to-Date Performance
- Down 28.13% in 2025