RedTape founders seek stake sale, eye Blackstone and KKR interest

Founders of RedTape, an Indian footwear brand, are exploring opportunities to divest a large stake in the company, with discussions underway with prominent global investors like Blackstone and KKR. This stake could encompass a majority share or the entirety of its 71.8% ownership. This strategic move capitalizes on the booming footwear market in India.