Rs 9,400 Crore Investment In Escorts Planned By Kubota
Japan-based tractor manufacturing firm Kubota has planned an investment of Rs 9,400 crore to become the majority stakeholder in India’s fourth-largest tractor maker Escorts. In its statements, Escorts said that investment would be increased through the two tranches. Post consummating the complex three-tier deal, Kubota Corporation’s stake will increase to 53.5% from the current holding of 9%.