Relaxo Footwears Ltd.

Relaxo Footwears has secured bid and acquired land parcel admeasuring around 30 acres in Pathredi Industrial Area, Bhiwadi - II, (Rajasthan) which will be used for setting up Manufacturing facilities for future needs.

IndusInd Bank, the auctioneer of the land parcel, sent a confirmation letter to Relaxo ascertaining the company as the successful bidder for the land parcel. The acquisition pertains to approximately 30 Acres land parcel and is contingent on obtaining customary statutory approvals. The acquisition is valued at approximately Rs 135 crore and will be funded through internal accruals post the necessary statutory approvals. This strategic acquisition aligns with the company’s commitment to sustained growth and proactive response to market demands.

Relaxo Footwears is largest footwear manufacturing company in India, which deals in non-leather products i.e. rubber / EVA / PU slippers, canvas/ sport / school shoes, sandals, etc.