Speculations of a deal with Adidas cause Bata India’s shares to rise 6%.
One of the top gainers on the Nifty Midcap 50 Index on August 17 was Bata India, which concluded Thursday’s trading up 6% at Rs 1,739. The company’s probable cooperation talks with Adidas, a different industry powerhouse, to strengthen its position in the Indian market, are the source of the market rumor. The formal confirmation…