Bata India may be looking to divest its stake in Batanagar township
2009 September 18
Bata India may be looking to divest its stake in Batanagar township. Valuation is seen at Rs 8-9 crore/acre. Total deal size is seen above Rs 1000 crore. The company currently holds 50% stake in the 237 acre township. It also holds 25% stake in the 25 acre IT SEZ project.
Bata India touched a 52 week high of Rs 208.90 in today’s trade. The stock touched an intra day high of Rs 208.90 and an intra day low of Rs 189.55 and at 15:11 PM, the share was quoting at Rs 192.05, up Rs 7.75, or 4.21%, trading with volumes of 1,434,265 shares, compared to its 5-day average of 155,710 shares, an increase of 821.11%. Yesterday the share closed up 9.15% or Rs 15.45 at Rs 184.30.
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