Bata India's promoter divests 2.56% stake, sells shares worth Rs 613 cr

The shares were picked by a clutch of domestic mutual funds, foreign investors and an insurance company

BATA (BN) B V, the promoter of Bata India, on Wednesday 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.
 

The entities that purchased stake are Tata MF, Mirae Asset MF, HDFC MF, Axis MF, Aditya Birla Sunlife MF, Kotak MF, HDFC Standard Life Insurance Co Ltd, Ghisallo Master Fund LP, Integrated Core Strategies (ASIA) Pte Ltd, Segantii India Mauritius, Societe Generale and Copthall Mauritius Investment Ltd, block deal data available with the BSE