Japanese Tractor maker Kubota acquires 10% stake in Escorts, Auto News, ET Auto

Escorts will issue and allot 12,257,688 equity shares through a preferential issue to Kubota at an issue price of INR 850 per equity share
Escorts will challenge and allot twelve,257,688 fairness shares by a preferential challenge to Kubota at an challenge rate of INR 850 for each fairness share

NEW DELHI: Japanese tractor maker, Kubota Company will receive a 10% fairness stake worthy of Rs 1041 crore in Escorts Ltd on a publish funds reduction foundation, the business knowledgeable in a regulatory filing to Bombay Stock Exchange.

Upon completion of this transaction, Escorts and Kubota will spouse to grow to be a top participant in the Indian market and a hub of products improvement, producing and sourcing for world wide marketplaces.

Escorts will challenge

Read More