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. The company’s four state-of-the-art production facilities are located strategically across India, producing all kinds of footwear. Currently, the company owns brands like Mocassino, Hush Puppies, Scholls, North Star, Power, Marie Claire, Bubblegummers, Ambassador, Comfit.
