Final week, on November 18, 2021, Escorts’ board had introduced that Kubota will acquire 46.9 million additional shares through preferential allotment plus open offer at a worth of Rs 2,000 per share, and will be part of the Nandas as a co-promoter.

The Japanese agri equipment and building tools major, which owns 9.09 per cent stake, is predicted to extend its holding to 53.5 per cent after a preferential concern of fairness, open provide and equity reduction of luxury escorts Profit and Welfare Belief (Escorts Belief).

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