CCI approves Kubota's acquisition of stake in Escorts and Escorts' stake in Kubota Agricultural Machinery India

The Competition Commission of India approved Kubota Corporation's acquisition of a 9.09% stake in Escorts Limited (to become 10% after capital reduction) and Escorts' acquisition of a 40% stake in Kubota Agricultural Machinery India Private Limited, resulting in Kubota and Escorts holding 60-40% in KAI.

“The Proposed Combination is relating to acquisition of 9.09% of the total issued, subscribed and paid-up share capital of Escorts by Kubota.”agritimes.co.in

• 1 source
• agritimes.co.inCCI approves the acquisition of Escorts Limited by Kubota & Kubota Agricultural Machinery India by EscortsJul 11, 2020

Summarized from public sources; check the original articles before acting on it.