CCI approves Kubota Corporation's acquisition of equity in Escorts

04 Feb 2022 CW Team

The Competition Commission of India (CCI), the fair trade regulator, approved Kubota Corporation's acquisition of certain additional equity in Escorts Limited on Wednesday. According to a statement, the transaction involves Kubota acquiring certain additional equity shares of Escorts through preferential allotment and a mandatory tender offer following the Securities and Exchange Board of India (SEBI) rules.

Kubota is an agricultural machinery manufacturer that offers a wide range of products. It also provides engineering, procurement, and construction services, as well as maintenance.

Escorts is an Indian company that manufactures and sells agricultural machinery, construction equipment, and railway equipment.

The regulator said that the Commission approves acquisition of certain additional equity shares of Escorts Limited by Kubota Corporation by way of preferential allotment.

Escorts Limited, a leading engineering firm in India, is a preferred supplier of agricultural and construction equipment in the country. Escorts' presence in high-growth sectors such as agri-machinery, construction and material handling equipment, and railway equipment has helped India's socio-economic growth for seven decades. Escorts is dedicated to contributing to India's growth storey and bringing quality change to people's lives, thanks to in-house research and development centre and collaborations.

Kubota is a large manufacturer of agricultural machinery for both rice and dry-land farming. Kubota water treatment technologies have helped Japan's water supply. For more than 131 years, Kubota has supported Japan's water infrastructure.

Image Source

Also read: CCI approves acquisition of equity in Escorts by Kubota Corp

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..