MoneyWorks4Me

Escorts hikes stake in Escorts Securities to 78%

03 Apr 2018 Evaluate

Escorts has increased its shareholding in its subsidiary company - Escorts Securities. The company has acquired 35,00,000 shares of Escorts Securities. Before acquisition, the company held 19,60,000 shares (49%) of Escorts Securities, while post acquisition the company is now holding 54,60,000 shares  (78%) in Escorts Securities.

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.



Peers
Company Name CMP
Escorts Kubota 2856.45
VST Tillers Tractors 4466.15
Indo Farm Equipments 138.25
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