Kubota to become largest shareholder in Escorts Limited

Kubota Corporation announced a deal to become the largest shareholder in Escorts Limited, India's fourth largest tractor manufacturer, gaining control/joint control. The Nanda family will remain in top management.

“Kubota announced that it will take the driver seat in Escort while the existing promoters, the Nanda family will continue to be part of top management.”mnacritique.mergersindia.com

• 1 source
• mnacritique.mergersindia.comKubota to have controlling rights in Escorts making it a Japanese MNC companyPadam SinghDec 11, 2021

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