Trading Arm for Tata entities, TIL Bought Stakes in BSIPL

Mar 23, 2011, 12:15 IST

Tata International Ltd (TIL) acquired 76 per cent stake each in Bachi Shoes India Pvt Ltd (BSIPL) and Euro Shoe Components Pvt Ltd (ESCPL).

Tata International Ltd (TIL), the trading arm for Tata entities declared  on 27 December 2010 that it acquired 76 per cent stake each in Bachi Shoes India Pvt Ltd (BSIPL) and Euro Shoe Components Pvt Ltd (ESCPL). BSIPL which is India's largest manufacturer of children's footwear supplies to several international brands across Europe and ESCPL is a manufacturer of footwear soles. The acquisitions helped TIL to establish its presence in the children's footwear segment. Also, the acquisition strengthened TIL's presence in the manufacture and export of footwear. TIL’s capacity is now expected to be over 5 million pairs per year which will make TIL one of India's largest exporters of footwear.

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