Escorts Ltd transfers RT Crane business to Tadano joint venture

Escorts Ltd executed a business transfer agreement to sell its existing RT Crane business to its Japanese joint venture partner Tadano on a slump sale basis for Rs 35 crore. The JV was formed in August 2018 with an initial investment of Rs 60 crore.

“Escorts Ltd will transfer its existing RT Crane business to the JV as a going concern on a slump sale basis for Rs 35 crore.”autocarpro.in

• 1 source
• autocarpro.inEscorts Ltd, Tadano | Autocar ProfessionalAutocar Professional BureauDec 7, 2018

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