# 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.

- Type: Acquisition
- Announced: 2020-07-11
- Where: India
- Status: announced
- Products: tractors, combine harvesters, rice transplanters, agri-machinery, construction equipment, railway equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Kubota](https://endata.com/companies/5208.md) (acquirer)
- [Escorts](https://endata.com/companies/19266.md) (target)
- [Kubota Agricultural Machinery India Private Limited](https://endata.com/companies/48502.md) (target)

## Sources

- [agritimes.co.in](https://agritimes.co.in/cci-approves-the-acquisition-of-escorts-limited-by-kubota-and-kubota-agricultural-machinery-india-by-escorts/), 2020-07-11: "The Proposed Combination is relating to acquisition of 9.09% of the total issued, subscribed and paid-up share capital of Escorts by Kubota."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.