The shareholders of Bata India on Wednesday the proposed rights issue of the company in addition to hike in authorised capital from Rs 60 crore to Rs 70 crore (Rs 600-700 million).
Kataria, 49, an IIT-XLRI alumnus, was quick to implement a number of initiatives during the Covid-19 crisis including launching D2C initiatives such as mobile stores, WhatsApp messaging, video calling and home deliveries. Kataria was also swift to recognise that stay-at-home consumers were keen to buy informal rather than formal footwear, launching new collections quickly to take advantage of this trend, says Viveat Susan Pinto.
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