Analysts advise against subscribing to Kubota’s Escorts open offer

photo

Mumbai: Analysts have advised investors against tendering their entire ownership in the open offer at as they believe Kubota‘s takeover will substantially improve Escorts’ medium-term growth outlook, potentially triggering a sharp re-rating in the stock. After completion of this transaction, Kubota Agricultural Machinery India and Escorts Kubota India will be merged with Escorts, and this … Read more