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after the company entered into an agreement with Escorts Kubota to acquire its railway equipment division (RED) as a going concern on a slump sale basis. At the same time, Escorts Kubota share ...
Escorts Kubota announced on Wednesday that it has signed a business transfer agreement with Sona BLW Precision Forgings Ltd. for the transfer of its railway equipment business division as a going ...
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 cost of acquisition of the 'Railway Equipment Division' business is ₹1,600 crore. Sona BLW has agreed to acquire 'Railway Equipment Division' business of Escort Kubota amid a going concern on a ...
Shares of Sona BLW Precision Forgings rose as much as 10% in opening trade to hit a high of ₹706.20 on the BSE after the automobile parts maker entered into an agreement with Escorts Kubota to acquire ...