Japan’s Kubota to pick up to 53% stake in Escorts

Kubota will buy shares at Rs 2000 a piece via fresh issuances and through open offer to retail shareholders, Escorts said in an exchange notification. Escorts will issue 93,63,726 equity shares of face value of Rs 10 each at a price of Rs 2,000 per equity share to Kubota on preferential basis.

from Auto-Industry-Economic Times https://ift.tt/32cTDDn