According to a press release from Indian tractor manufacturer Escorts, the company "has received requisite approvals for the name change of the Company from 'Escorts Limited' to 'Escorts Kubota Limited' with effect from June 09, 2022."
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.
According to a recent report from The Economic Times, citing "people aware of the matter," Kubota is in talks to increase its stake in and eventually become a "controlling shareholder" of Indian tractor manufacturer Escorts.
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