The name change comes in the wake of Japan's Kubota Corporation increasing its stake in Escorts to 44.8% by subscribing to new equity shares and through
Stocks to Watch Today: Tata Steel will stop doing business with Russia, the Indian steel major said on Wednesday
The ace investor held 5.68% in the company at the end of February. Escort's latest shareholding pattern doesn't have his name in the public investors' list
Till Friday, March 25, 2022, around 43.62 million equity shares had been tendered in the open offer, against 37.49 million shares proposed by Japan's Kubota Corporation
The brokerage said the options data suggests that the Nifty has strong support around 17,000 and then 16,800, which can act as a stop-loss for those initiating long positions
The index closed at 16,245 on Friday, down 11 per cent over its 2022 peak of 18,308
Closing Bell: Hindalco, UPL, Sun Pharma, Adani Ports, Divis Labs, and TCS were the top drags, down up to 3.45 per cent
The transaction involves Kubota's acquisition of certain additional equity shares of Escorts by way of preferential allotment
Tata Consumer seems to have bottomed out near Rs 700 level, and has gradually picked up momentum to improve the bias, says the technical analyst from Prabhudas Lilladher
The gains came even as India's manufacturing activity lost some momentum in December, with the Manufacturing PMI easing to a three-month low of 55.5
Shareholders of Escorts have approved the preferential allotment of 94 lakh shares to Japan's Kubota Corporation
Farm machinery and construction equipment major Escorts Ltd on Wednesday reported a 30% decline in total tractor sales at 7,116 units in November 2021.
The stock hit a new high of Rs 1,874, and has appreciated 15% in the past six trading days
Upside in Vedanta may be capped unless commodity prices rebound, say analyst
Kubota will soon launch an open offer in tractor manufacturer Escorts to acquire 26 per cent stake at Rs 2,000 per share
Picks up 5.9% more for Rs 1,873 crore
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
Expansion of product portfolio, sourcing base and export opportunity to drive growth
Business Standard brings you the top stories on Thursday
The broader markets ended with deeper cuts, the BSE Midcap and Smallcap indices were down 1.5 per cent each