Kubota Corporation is planning to acquire an additional 5.9 percent stake in Escorts for Rs 1,872.74 crore. Kubota had 9.09 percent in Escorts and post the preferential allotment, its stake in Escorts will increase to 14.99 percent and becoming a joint promoter in Escorts. Kubota will also make an open offer to the public shareholders of Escorts to acquire up to 26 per cent of the share capital in accordance with SEBI Regulations.
This will enable both companies to enhance the value they have created by leveraging each other's strengths – be it in technology, market access, manufacturing processes or engineering excellence. With this, Escorts is positioned to become an institution that will serve Indian and global farmers for decades and centuries.
Escorts is one of India's leading engineering conglomerates with over six decades of experience. It has helped accelerate India’s socio-economic development through its presence across the high growth sectors of Agri-machinery, construction & material handling equipment and railway equipment.
Company Name | CMP |
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Escorts Kubota | 3851.20 |
VST Tillers Tractors | 3270.00 |
Indo Farm Equipment | |
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