Bata India taps ex-Nike, Zara-launch veteran Sanjay Rao as MD & CEO; stock jumps 16.5%
Sanjay Rao, who previously helmed Nike India and led Inditex's Zara launch in the country, succeeds Gunjan Shah at the helm of Bata India. Investors cheered the appointment, sending shares up 16.54% to ₹790.45 on bets that Rao's apparel-retail playbook can revive growth at the legacy footwear chain.
Bata India appointed Sanjay Rao, ex-Nike and Inditex executive who helped launch Zara in India, as MD & CEO succeeding Gunjan Shah. Shares surged 16.54% to ₹790.45 on the announcement.