CCI has approved Kubota stake high, Next step open offer will open very soon.
PR63-2021-22 (1).pdf (261.6 KB)
CCI has approved Kubota stake high, Next step open offer will open very soon.
PR63-2021-22 (1).pdf (261.6 KB)
Rakesh Jhunjhunwala stake in Escorts increases vs Dec 2021 quarter
As per recent filing👇
-Current holding 75 lkh shares
-Dec 2021 quarter 64 lkh shares
Absolute increase 11 lkh shares
As per my note open offer started from 14/3 to 28/3?
What action do shareholders need to take?
Thanks
76th AGM was held on 14th July 12 noon.
Medium Term Business Plan to be published sometime in Sept.
Escorts Amalgamation announcement with Kubota JVs
Summary:
Really bad numbers by Escorts. Big dent in margins & hence net profits. Another big downside candidate for Monday.
The company has shared the Escorts Kubota Mid Term Business Plan Presentation.
Some highlights:
Some unconfirmed news on the counter. I suspected this might be one of the next steps, since the Mid Term Business Plan details in the Auuunal Report were very generic for the Railway business, whereas for Agri they had mentioned definitely plans on capex. Construction Equipment business also am not sure, if they want to retain if Kubota is not having similar products.
We have to wait to see how this benefits minority investors or not. I would have preferred if they demerged this business, distributed shares to minority investors, listed it seperately and then sold the promoter stake to buyer. If its a slump sale, then the cash hoard just increases.
India’s Escorts Kubota mulls sale of railway equipment unit -CNBC-TV18 | Reuters
Now they are opening a NBFC to finance the Company’'s Products and Consumers. Interesting Escorts Finance revoked its NBFC license earlier and has changed that AoA and Memorandum to change the line of business, Alos it was renamed to “Invigorated Business Consulting Limited”
this is not a good development overall. usually, Manufacturing firms in AUTO and CD with finance companies end up pushing sales for their parent at the cost of poor loans at NBFC. off course it helps in short term, but eventually, the parent has to capitalize their NBFC from losses in agri. MMFL /L & T FINANCE BFL _2 W bajaj AUTO PORTFOLIO is a classic case
According to a recent article on Construction Times, the Indian mobile crane industry is poised for growth. Here are the key points:
Current Market Scenario:
Growth Trends:
Future Outlook:
(1) The Indian mobile crane industry will continue to grow in future… The Indian mobile crane industry will continue to grow in future. - Top Construction and Infrastructure Magazine.
(2) Construction Times - Top Construction and Infrastructure Magazine. https://constructiontimes.co.in/.