Escorts has received approval from board of directors for allotment of 1,22,57,688 equity shares on preferential basis for an aggregate consideration of Rs 10,41,90,34,800 to Kubota Corporation, Japan.
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.