Bata India hits record high on promoter stake hike
Bata BN BV acquired about 1% stake of the company through open market.
Bata India has surged 5% to Rs 1,000, also its record high on NSE, after its parent company Bata BN BV acquired about 1% stake of the company through open market transaction.
The stock opened at Rs 660 and hit a low of Rs 957 so far. A combined 620,000 shares have changed hands on the counter till early noon deals on NSE and BSE.
On November 12, 2103 BATA BN BV has purchased 608,657 shares representing 0.95% stake of Bata India at an average price of Rs 888.05 per share via bulk deal, as per the data released by the BSE.
As on September 30, 2013 Bata B N B V held 52.01% stake in Bata India.
Meanwhile, ICICI Brokerage Services Limited sold 627,000 shares of Bata India at Rs 888.35 via bulk deal, according to BSE filing.
The stock opened at Rs 660 and hit a low of Rs 957 so far. A combined 620,000 shares have changed hands on the counter till early noon deals on NSE and BSE.
On November 12, 2103 BATA BN BV has purchased 608,657 shares representing 0.95% stake of Bata India at an average price of Rs 888.05 per share via bulk deal, as per the data released by the BSE.
As on September 30, 2013 Bata B N B V held 52.01% stake in Bata India.
Meanwhile, ICICI Brokerage Services Limited sold 627,000 shares of Bata India at Rs 888.35 via bulk deal, according to BSE filing.