 "cash, fund, money, Rupee, growth, transaction, investment, sell, buy, market, acquisition, stake, share, stock, incentive")
The Competition Commission on Friday said it has given nod to acquisition of a little over 9 per cent stake in Escorts Ltd by Kubota Corporation, and 40 per cent stake acquisition in Kubota Agricultural Machinery India by Escorts.
In March, domestic tractor maker Escorts had said that Kubota Corporation and the company have decided to strengthen their partnership under which the Japanese tractors and machinery leader will pick a 10 per cent stake in the Delhi-based company for Rs 1,042 crore.
Under the deal, Escorts will allot about 1.23 crore equity shares through a preferential issue to Kubota Corp
