Bata India rises as its promoter divests 2.56% stake in company

Bata India is currently trading at Rs. 1847.45, up by 3.85 points or 0.21% from its previous closing of Rs. 1843.60 on the BSE.

bata india aims to continue its growth journey in india with multi channel retail strategy
bata india aims to continue its growth journey in india with multi channel retail strategy

The scrip opened at Rs. 1861.00 and has touched a high and low of Rs. 1868.00 and Rs. 1845.00 respectively. So far 4085 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 2261.65 on 16-Nov-2021 and a 52 week low of Rs. 1540.00 on 10-Jun-2021.

Last one week high and low of the scrip stood at Rs. 1899.00 and Rs. 1815.25 respectively. The current market cap of the company is Rs. 23784.66 crore.

The promoters holding in the company stood at 52.96%, while Institutions and Non-Institutions held 34.07% and 12.97% respectively.

BATA (BN) B V, the promoter of Bata India, has divested 2.56 per cent stake of the footwear company for nearly Rs 613 crore through open market transactions. The shares were picked by a clutch of domestic mutual funds (MFs), foreign investors and an insurance company.

Bata India is the largest retailer and leading manufacturer of footwear in India and is a part of the Bata Shoe Organization.

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