Breaking News

You are here » Indian-Commodity  :  Top News  :  Escorts divests entire shareholding in Escorts Asset Management


Escorts divests entire shareholding in Escorts Asset Management

Escorts has sold its entire shareholding i.e. 30,00,000 equity shares (30%) in Escorts Asset Management (now Quant Money Managers). Accordingly, the said entity has been ceased as a subsidiary of the company with immediate effect.

Besides, Escorts Agri Machinery Segment (EAM) in March 2018 sold 11,790 tractors up by 66.5% as against 7,079 tractors in March 2017. The domestic sales for the month of March 2018 stood at 11,557 up by 64.8% as against 7,014 tractors in March 2017. Exports sales in March 2018 stood at 233 tractors up by 258.5% as against 65 tractors in March 2017.

Escorts offer a comprehensive range of tractors with more than 45 variants starting from 25 to 80 HP. The company also manufactures and markets a diverse range of equipments like cranes, loaders, vibratory rollers and forklifts.

Related News

View all news

Crude oil futures end lower on Monday

Crude oil futures ended lower on Monday as steep declines in the US stock market fed an aversion to so-called riskier assets, which include oil. Meanwhile, the US-China trade dispute escalated as China......

Gold futures trade flat on Monday

Gold futures was trading flat on Monday as growing uncertainty over whether the United States and China will be able to reach a deal to end their escalating trade war fueled safe-haven demand for the precious......

Jeera futures trade higher on rising demand

Jeera futures traded higher on NCDEX on the back of rising physical and export demand at the spot market. However, higher availability of crop this season, capped some gains.The contract for May delivery......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......