Kubota Corporation has announced that Kubota and the Indian tractor manufacturer Escorts Limited have reached an agreement under which Kubota will increase its shareholding in Escorts by means of subscription to third-party preferential primary share allotment and open offer bid.
Kubota has decided to increase its shareholding in Escorts based on expectations for the basic tractor market (in India, defined as highly durable tractors with limited functions and at reasonable prices) to expand in emerging…
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