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CHENNAI: Escorts Kubota has entered into an business transfer agreement with Sona BLW Precision Forgings Limited (Sona Comstar) for transferring the existing railway equipment business division (RED) ...

The company has entered into a business transfer agreement with Sona BLW Precision Forgings Ltd (Sona Comstar) for transferring the railway equipment business division (RED) as a going concern, on ...

Leading engineering conglomerate Escorts Kubota Limited (EKL ... to transfer the existing Railway Equipment Business Division (RED) as a going concern on a slump sale basis, for a cash ...

On the rationale behind the sale, Escorts Kubota says it has decided to divest the RED in line with its strategic focus on agri and construction equipment sectors. Escorts Kubota says the transaction ...

Shares of Escorts Kubota sank over six percent in trade, after the tractor player announced it would sell its railway equipment business to Sona BLW Precision Forgings for Rs 1,600 crore.

The company has entered into a business transfer agreement with Sona BLW Precision Forgings Ltd (Sona Comstar) for transferring the railway equipment business division (RED) as a going concern, on ...