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Tadano Ltd. agreed to acquire the remaining 49% stake in Tadano Escorts India Pvt. Ltd. from Escorts Kubota Limited, making TEI a wholly owned subsidiary. The joint venture's development and production of India-market lifting equipment will be discontinued.
“Tadano Ltd. will make TEI into a wholly owned subsidiary by taking over all 49% of the joint venture shares belonging to EKL.”tadano.com
Summarized from public sources; check the original articles before acting on it.