Board of Escorts to consider preferential allotment of shares to Kubota Corporation

24 Feb 2022 , 01:35 AM

The Board of Escorts will meet on 18 February 2022 to consider allotment of equity shares to Kubota Corporation by way of preferential allotment; and the draft scheme of capital reduction proposing selective reduction of the issued subscribed and paid-up equity share capital of the Company by cancelling and extinguishing all the remaining equity shares held by the Escorts Benefit and Welfare Trust EBWT without payment of any consideration to EBWT