Redtape 's founding stakeholders are actively pursuing potential buyers for a substantial ownership stake, with the transaction valued at up to $509 million according to Reuters reports.

Stake Sale Details

The founders are exploring strategic options that could result in significant changes to the company's ownership structure. This development represents a major corporate restructuring initiative as the company's original stakeholders consider divesting their holdings.

Strategic Implications

The potential stake sale indicates the founders' intention to restructure ownership and potentially bring in new strategic or financial investors. Such transactions typically involve comprehensive due diligence processes and negotiations regarding valuation, terms, and future governance structures.

Market Context

This development comes as part of broader strategic planning by the company's founding team. The substantial valuation suggests significant interest in the company's business model and growth prospects among potential acquirers.

REDTAPE Limited promoter Rashid Ahmed Mirza has successfully completed the acquisition of a significant stake in the company through an inter-se transfer from his wife. The transaction, executed on December 22, 2025, involved the transfer of 12,44,89,980 equity shares representing 22.52% of the company's voting rights through a gift transfer at no consideration.

Transaction Details and Regulatory Compliance

The acquisition was completed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Rashid Ahmed Mirza acquired the shares from his wife Yasmin Mirza, who was a member of the promoter and promoter group. The transaction qualifies as an off-market transfer executed as a gift motivated by natural love and affection.

Updated Shareholding Pattern

Following the completion of the transaction, there has been a significant redistribution of shares within the promoter family. The disclosure filed on December 23, 2025, reveals the updated shareholding structure with Rashid Ahmed Mirza's individual holding increasing substantially.

Company Capital Structure

The transaction did not alter the company's overall equity share capital, which remains at 55,28,07,600 equity shares of Rs. 2.00 each. The total promoter and promoter group shareholding stands at 39,68,70,564 equity shares, representing 71.79% of the total paid-up share capital.

Regulatory Framework and Documentation

The transaction was executed in compliance with SEBI regulations governing substantial acquisition of shares. The disclosure was filed from Dubai on December 23, 2025, confirming the completion of the off-market transfer through gift between promoter family members.

Key regulatory aspects include:

• Compliance with Regulation 29(2) of SEBI SAST Regulations, 2011
• Off-market transfer between promoter family members
• No requirement for open offer due to inter-se transfer exemption
• Timely disclosure to stock exchanges within prescribed timeline

The acquisition represents an internal restructuring within the promoter group, consolidating voting rights under Rashid Ahmed Mirza's direct control while maintaining the family's collective stake in REDTAPE Limited.