Tata International is set to acquire up to 74% stake in Tamil Nadu-based Bachi Shoes, which is a significant player in the finished leather and footwear exports
Tatas may be investing over Rs 130 crore for picking up majority shares, while the Bachi family would remain in active management with a sizeable stake.
Bachi Shoes, with revenue topping Rs 200 crore, will be operating as a joint venture firm
Bachi Shoes has a production capacity of nearly 10,000 pairs daily.
