North India Statesman
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Shares of Redtape remain a topic of discussion in the market these days. The company has recently announced the issue of bonus shares in the 3: 1 ratio, and now its record date is also getting closer. Investors who will have 1 shares of the company till a record date will get 3 bonus shares for free.
Current status of share
In Wednesday’s trading session, Radtap shares reached the Intra Day High of Rs 702.35 with an increase of 2.1% on BSE. The company’s market cap is Rs 9,360 crore. The highest price of the 52-week of its shares is Rs 981.80 and the minimum price is Rs 537.05.
Record date information
Redtap stated in a stock exchange filing that as per SEBI rules, the ‘record date’ for bonus share has been fixed on Tuesday, 04 February 2025. Bonus shares are free for investors, which are issued by the company. This increases the number of outstanding shares with shareholders and improves the liquidity of the stock.
Company Introduction
Redtap is one of the major brands of clothes and shoes for women, men and children. The company’s global access extends to 17 countries of six continents, and is one of the major footwear brands. The brand has a significant presence in countries such as India, United Kingdom, United States, Australia, Turkey, United Arab Emirates, France, Germany, West Asia, and South Africa.
