India’s TAFE Agrees Not to Acquire More Than 12.5% of AGCO Stock

The CEO of India’s second largest tractor manufacturer, TAFE (Tractor and Farm Equipment Ltd.), who is AGCO’s largest shareholder, has reached an agreement with AGCO that would limit her stake in the world’s third largest ag equipment maker.

According to a September 3 report in the Atlanta Business Chronicle, as of August 29, when AGCO reached an agreement with Mallika Srinivasan, CEO of TAFE, she owned an estimated 8 million shares, or 8.6%, of…

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