Escorts Kubota Ltd - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
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| 10 Nov 2022 | |
| This is with reference to our earlier letter dated November 4, 2022, wherein we have informed you of the approval given by the Board of Directors of Escorts Kubota Limited for selling of 7,27,65,000 fully paid-up equity shares of Rs. 10/- each of Tadano Escorts India Private Limited (TEIPL), which constitute 49% stake held by the Company in TEIPL, a joint venture between the Company and Tadano Limited, Japan (Tadano), to Tadano, at Rs. 0.01 Cr and to execute the requisite agreement(s)/ document(s). In this regard, we hereby inform you that the sale of shares have completed on November 9, 2022 and the updated disclosure regarding the same with requisite details as specified in Para A of Part A of Schedule III of the SEBI Listing Regulations read with the SEBI Circular attached as Annexure-I. | |
| View all announcements for Escorts Kubota Ltd | Source: BSE India |
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