Escorts’ promoter entity Escorts Benefit and Welfare Trust offloaded 36 lakh shares, amounting to 2.94% stake in the company. The shares were disposed of at an average price of Rs 701.15 apiece, valuing the transaction at Rs 252.41 crore. However, Emerging Markets Equity Fund bought over 23 lakh shares for Rs 165.62 crore.
Escorts offer a comprehensive range of tractors with more than 45 variants starting from 25 to 80 HP. The company also manufactures and markets a diverse range of equipments like cranes, loaders, vibratory rollers and forklifts.
