Bata India Limited
ICICI Prudential Mutual Fund has dropped off Bata India Limited's latest shareholder list, leaving it unclear whether the fund completely exited its previous 1.16 percent stake or simply pared it below the 1 percent regulatory disclosure threshold.
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 second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.