Escorts Limited rebrands itself to Escorts Kubota Limited
Leading tractor as well as ranch tools supplier Escorts Limited today revealed that it has actually gotten requisite authorizations for the name adjustment of the Company from “Escorts Limited” to “Escorts Kubota Limited“.
The business in a declaration stated, “With reference to our earlier communication on 18th November 2021, Escorts Limited (“Escorts” or “Company”) has received requisite approvals for the name change of the Company from “Escorts Limited” to “Escorts Kubota Limited” with effect from June 9, 2022.”
Escorts as well as Kubota Corporation, Japan (“Kubota’) had decided to strengthen their partnership aligned to their vision of global leadership in farm mechanization and spreading farming prosperity. Kubota has increased its equity stake in Escorts to 44.8 per cent by subscribing to new equity shares and through an open offer to the public shareholders of Escorts and also becoming a joint promoter of the Company along with existing promoters, the Nanda family, whose shareholding in the Company remains unchanged and Mr. Nikhil Nanda continues to be the Chairman and Managing Director (GMO) of the Company.
Mr. Nikhil Nanda, CMD, Escorts Kubota Limited, “Our collaboration with Kubota in Escorts Kubota Limited has actually rated by all our stakeholders as well as financiers. Consequently, the procedure was finished efficiently. We are currently well positioned at an extremely fascinating time in worldwide background to add at a lot greater degrees to India as well as the globe’s pursuit for food security, lasting farming as well as clever farming.
Mr Yuichi Kitao, President as well as Representative Director, Kubota, Japan, stated, ‘We are extremely happy to companion with Escorts Kubota Limited at once when we can incorporate our toughness to offer sophisticated ranch mechanisation services to attend to worldwide food security & & improved ranch efficiency requirements.”
Escorts is amongst India’s leading design corporations, running in the high development industries of Agri Machinery, Material Handling, Construction Equipment as well asRailway Equipment
Kubota Corp is an international production business, concentrating on farming, water, as well as living setting items, with a globally network, spread over100 nations. Kubota’s research study as well as development values a complete hands-on technique.