Bata India’s promoter sells company shares worth Rs 613 crore

Bata B V, Indian Bata Promoter, on Wednesday, digested 2.56 percent of the shares of the footwear company with a price of almost 613 Crore RS through open market transactions.Shares were selected by Domestic Mutual Fund Clutch (MFS), foreign investors and insurance companies.

The entities purchased are Tata MF, Mirae Asset MF, HDFC MF, Axis MF, Aditya Birla Sunlife MF, MF Box, HDFC Standard Life Insurance Co. Ltd, Ghisallo Master Fund, Integrated Core Strategy (Asia) Pte Ltd, Integrated Core Strategies (Asia) Pte Ltd, Women’s LP Dana, Integrated Core Strategies (Asia) Pte Ltd, Wangend LP Dana, Integrated Core Strategies (Asia) Pte Ltd, Wanii Fund Mauritius, Societe Generale and Copthall Mauritius Investment Ltd, available with BSE shown.According to data, the promoter sold a total of 32.95 shares, amounting to 2.56 percent of the company’s shares.

Stocks are lowered with an average price of 1,860 hospitals, collecting transaction sizes into RS 612.87 Crore.As of March 31, 2022, Bata (BN) B V holds 52.96 percent of shares in the company, domestic mutual funds have 19.46 percent ownership, insurance companies have 7.92 percent and foreign portfolio investors have 6.66 percent of shares, data share ownership with the exchange shows.