REDTAPE Limited
ICICI Prudential Mutual Fund increased its stake in REDTAPE Limited from 5.02% to 7.06% by purchasing 1,12,93,510 shares for ₹151.41 Cr at ₹134.07 apiece in an open market transaction, crossing the 5% disclosure threshold.
A leading Indian fashion and lifestyle brand specializing in footwear, apparel, and accessories for men, women, and kids across all age groups. RedTape operates an extensive retail network spanning pan-India, offering international styles and world-class quality products. The company positions itself as a complete family fashion destination, serving diverse customer segments through physical stores and modern retail channels nationwide.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.