Karachi, In the Leather and Tanneries sector, Bata (Pakistan) Ltd. has announced a major reduction in its dividend, declaring 1200% for 2024, down from 1800% the previous year. The company traded at a daily weighted average of Rs. 1732.00, with a paid-up capital of Rs. 75.60 million. Founded in 1979, Bata has consistently been a significant entity in the industry, with an EPS of Rs. 1641 for 2022/2023. The company's market lot stands at 10, with the previous book closure dated April 18.