Escorts Limited - Playing for Margin Expansion

Open offer is announced at Rs.2000/share for quantity 3,74,91,556 shares (26% of shareholding).

Public holding for Sept 2021 is 8,27,27,746 shares (includes 1,22,57,688 of Kubota holding), so remaining is 7,04,70058 shares. Based on this acceptance will be atleast 53% if all shares are offered.

BSE Link : https://www.bseindia.com/xml-data/corpfiling/AttachLive/D10F0483-87BF-403A-AB75-0B51AACC3E6A-154956.pdf

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