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Kubota to Acquire Majority Stake in Escorts by March 2022

According to a report from Mint, Kubota will receive an over 50% stake in Escorts by the end of March and "lay down a mid-term business and investment road map for Escorts Kubota, the new entity," according to an interview with Bharat Madan, group chief financial officer, Escorts.

"We expect this transaction to be completed before the end of March, after which Kubota should be in the driver’s seat," said Madan.

“After the deal…

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