Kubota increases its stake in Escorts Ltd.

The partnership with Kubota will enable Escorts to gain access to global technologies and Kubota’s R&D facilities.



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The partnership with Kubota will enable Escorts to access global technologies.

Tractor and machinery majors – Escorts Limited and Kubota Corporation have decided to strengthen their partnership and Kubota Corporation has increased its equity stake in Escorts by subscribing to the new equity shares proposed to be issued by Escorts. The partnership with Kubota will enable Escorts to gain access to global technologies and Kubota’s R&D facilities. Escorts will issue 9,363,726 equity shares to Kubota by way of preferential issue at an issue price of ₹ 1,872.74 crore aggregating ₹ 2,000 per equity share.

Nikhil Nanda, CMD, Escorts Ltd. said, “This will enable both the companies to enhance the value created by leveraging each other’s strengths – be it in technology, market access, manufacturing processes or engineering excellence. With this Escorts is a It is positioned to be an institution that will serve Indian and global farmers for decades and centuries. While Escorts is known for its strong India presence with proven strengths in frugal engineering and manufacturing, Kubota has world-class processes and global reach and expertise. brings.

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Kubota will also make an open offer for Escorts’ public shareholders to acquire 26 percent of the share capital.

Yuichi Kitao, President and Representative Director of Kubota Japan, said, “The joint entity and the larger collaboration will provide advanced agricultural mechanization solutions to address global food security and improved agricultural productivity. We look forward to being united for the future as one.” Proud and excited about the company.”

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Kubota will also make an open offer to the public shareholders of Escorts to acquire up to 26 per cent share capital as per SEBI norms. In addition, the joint venture is said to be one of the largest India-Japan agriculture collaborations to achieve global leadership in the farm equipment sector and Escorts will be the exclusive vehicle for manufacturing and selling certain products in India and sourcing from India.

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