16 Sep 2025 | 3 Mins Read
RedTape shares under scrutiny following Income Tax raids
Flipitmoney
The Income Tax Department conducted search proceedings at RedTape Ltd. locations from September 11 to 16, 2025, and the company cooperated. Its business operations continue as usual. RedTape is 71.80% owned by the Mirza family, having demerged from Mirza International in 2023. Its shares were 1.06% lower at ₹137.24 on September 16.