Bata India taps ex-Nike, Zara veteran Sanjay Rao as MD & CEO; stock jumps 16.5%
Bata India named Sanjay Rao — formerly of Nike Retail and the Inditex-Tata JV that launched Zara in India — as MD & CEO, succeeding Gunjan Shah. The market endorsed the pick decisively, with shares surging 16.54% to close at ₹790.45, gaining ₹112.20 and touching 17% intraday.
Bata India appointed Sanjay Rao, ex-Nike Retail and Zara India launch veteran from Inditex-Tata JV, as MD & CEO, succeeding Gunjan Shah. Shares jumped 16.54% to ₹790.45 as investors cheered the leadership pick.