My fiduciary obligation to ensure Escorts is fully institutionalised: CMD

In a Q&A, Nikhil Nanda dwells at length on the deal with Japanese agri-machinery major Kubota and the value it will create for the stakeholder of his company

The deal with Kubota, the Japanese agri-machinery major will create a powerful entity in the farm solutions space in India and globally, Nikhil Nanda, chairman and managing director, Escorts Ltd, tells Shally Seth Mohile. It will create immense value for the stakeholder of Escorts and is a step towards fully institutionalising the firm. Edited excerpts:

What’s the fundamental idea behind the deal? Will the Nanda family at some point look at selling its stake?

We have to put institutions before self. Today’s move is to ensure that the company is fully supported with all the ingredients for it to become