Bata India Limited
Nippon India Mutual Fund decreased its stake in Bata India by selling 5,13,543 shares, reducing its holding from 1.97% to 1.57%. The shares were valued at approximately ₹35.24 Cr, at a price of ₹686.25 apiece.
A leading footwear manufacturer and retailer in India, Bata operates an extensive network of retail stores and wholesale channels across the country. The company designs, manufactures, and distributes footwear and related accessories for men, women, and children through both company-owned outlets and distribution partnerships. Bata maintains a strong presence in the Indian footwear market by serving diverse customer segments and price points.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.