RedTape Founders Eye $500M Stake Sale, Talks with Blackstone & KKR Underway

• RedTape's founding Mirza family is exploring the sale of a majority or entire stake, valued at approximately $500 million.
• Initial discussions are underway with global private equity firms Blackstone and KKR; Ernst & Young (EY) is the financial advisor.
• News of the potential stake sale led to a nearly 16% surge in RedTape's share price during intraday trade.
• A 50% stake is valued at $355 million, while the Mirza family's 71.7% holding is worth about $509 million.
• Despite revenue growth, RedTape faces stiff competition and a 3.5% profit decrease in FY25, prompting the search for a strategic investor.

Why It Matters: RedTape's founders are in talks with Blackstone and KKR for a potential $500 million stake sale.