relaxo share price

Relaxo Share Price: What UAE Investors Should Know

If you're an India-linked investor sitting in the UAE and Googling the Relaxo share price, you've probably noticed it's been a rough ride. Before you act on a number you saw on a screen, there are a few things worth pinning down — both about the stock and about how UAE residents can actually trade it legally.

Quick answer

Relaxo Footwears Ltd (NSE: RELAXO, BSE: 530517) is an Indian listed company, so its share price moves on the National Stock Exchange and Bombay Stock Exchange in INR during Indian market hours (9:15 AM to 3:30 PM IST, roughly 7:45 AM to 1:30 PM Gulf Standard Time). For a live relaxo share price, check NSE India ^[1] or BSE India ^[2] directly — not a third-party widget. UAE residents can buy Relaxo shares through a SEBI-registered broker in India using the NRI/PIS route, or via certain UAE-licensed brokers offering Indian market access.

How to check the real-time Relaxo share price

Skip the screenshots floating around WhatsApp groups. Honestly, most clients ask me about a price that's already 48 hours stale.

The two authoritative sources are:

• NSE India — search ticker RELAXO ^[1]
• BSE India — scrip code 530517 ^[2]

Both show the live quote, day high/low, 52-week range, and disclosed shareholding. If you're comparing the relaxo share price against analyst targets, use the company's own investor relations page for filings — anything else is a secondary read.

One thing worth flagging: Indian markets are closed on Indian public holidays, even when UAE markets are open. Plan order timing accordingly.

Can a UAE resident legally buy Relaxo shares?

Yes — but the structure matters. Most clients get this wrong on the first try.

If you hold an Indian passport and UAE residency, you're a Non-Resident Indian (NRI) under the Foreign Exchange Management Act, 1999 (FEMA). To buy Indian listed shares, you need:

1. An NRE or NRO bank account with an Indian bank
2. A Portfolio Investment Scheme (PIS) permission letter from the Reserve Bank of India, routed through your designated bank under RBI's Master Direction on Investment by NRIs (FEMA 20(R)) ^[3]
3. A demat and trading account with a SEBI-registered broker linked to that PIS account

If you're a foreign passport holder (including UAE nationals or expats of other nationalities), you'd typically route investment through the Foreign Portfolio Investor (FPI) regime under SEBI (FPI) Regulations, 2019 — which is paperwork-heavy and usually only worth it for larger tickets ^[4].

Alternatively, some UAE-licensed brokers regulated by the Securities and Commodities Authority (SCA) or the Dubai Financial Services Authority (DFSA, the DIFC regulator) offer Indian equity access through omnibus structures. Check that the broker's licence actually covers Indian listed equities before you fund the account.

Watch out: Trading Indian shares through an unlicensed offshore "advisor" who promises easy access is a recurring problem. Under SCA rules, marketing securities in the UAE without authorisation is an offence. If it sounds frictionless, ask for the licence number.

Tax and reporting — the part people forget

The relaxo share price going up is great. The tax surprise when you sell, less so.

India taxes capital gains on listed equity even for NRIs. As of the Finance Act 2024 amendments, short-term capital gains (holding ≤12 months) are taxed at 20%, and long-term capital gains above INR 1.25 lakh per year are taxed at 12.5% ^[5]. Securities Transaction Tax (STT) applies on every trade. Your Indian broker will typically deduct TDS at source for NRIs — get the calculation in writing before you trade.

The UAE itself doesn't tax personal capital gains, and under the UAE Corporate Tax law (Federal Decree-Law No. 47 of 2022), individuals investing personally aren't generally caught — but if you're trading through a UAE company or as a licensed activity, that analysis changes ^[6]. Worth a one-hour consult if your holdings are sizeable.

Also: the India-UAE Double Taxation Avoidance Agreement may give you treaty relief on certain gains, but you need a Tax Residency Certificate from the UAE Federal Tax Authority to claim it. Don't assume — file the certificate request before year-end.

What if you bought through a dodgy intermediary?

Happens more than you'd think. Someone in a Dubai cafe pitches a "guaranteed Indian portfolio," takes your AED, and a year later you can't get a statement.

Your options, in order:

• Complaint to SCA if the intermediary is UAE-based — the regulator has an investor complaint channel
• SEBI SCORES portal if the Indian broker is the problem ^[7]
• Civil claim in the appropriate UAE court for recovery, governed by Federal Law No. 5 of 1985 (Civil Transactions Law) on contractual obligations

Keep every WhatsApp message, every bank transfer reference, every signed form. Cases without paper trails die quickly.

Need this checked for your situation? Talk to a UAE-licensed lawyer →

Citations

^[1] National Stock Exchange of India — RELAXO quote page, nseindia.com ^[2] BSE India — scrip 530517, bseindia.com ^[3] RBI Master Direction — Foreign Investment in India (FEMA 20(R)), rbi.org.in ^[4] SEBI (Foreign Portfolio Investors) Regulations, 2019, sebi.gov.in ^[5] Finance Act 2024 (India), capital gains amendments effective 23 July 2024, incometaxindia.gov.in ^[6] Federal Decree-Law No. 47 of 2022 on Taxation of Corporations and Businesses, mof.gov.ae ^[7] SEBI Complaints Redress System (SCORES), scores.sebi.gov.in