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An announcement from Bata India Ltd ( (IN:BATAINDIA) ) is now available.
Bata India Ltd has fully implemented a Voluntary Retirement Scheme (VRS) at its Bata Shatak Unit in Hosur, completing a workforce rationalisation initiative previously intimated to the stock exchanges. The scheme will result in a one-time financial impact of Rs 280.6 million, signalling a cost restructuring move that may support operational efficiency and margin improvement over the medium term, with implications for the company’s cost base and workforce structure at the Hosur facility.
More about Bata India Ltd
Bata India Ltd is a leading Indian footwear and accessories company, operating in the retail and manufacturing segment with a strong presence across the country’s mass and mid-market consumer segments.
Average Trading Volume: 21,520
Technical Sentiment Signal: Sell
Current Market Cap: 120.3B INR
See more data about BATAINDIA stock on TipRanks’ Stock Analysis page.