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Bata rallies 16% on leadership change
Mint Chennai
|June 19, 2026
Shares of Bata India Ltd surged over 16% after the footwear maker announced the appointment of a new chief executive on Thursday, ending the day among the best-performing stocks on the bourses.
The board of directors approved the appointment of Sanjay S. Rao as wholetime director and CEO with effect from 24 August and as managing director from 1 October to 23 August 2031, Bata India said in a stock exchange filing. Current MD and CEO Gunjan Shah will complete his five-year term on 30 September.
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