CHENNAI: Escorts Kubota has entered into an business transfer agreement with Sona BLW Precision Forgings Limited (Sona Comstar) for transferring the existing railway equipment business division ...

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Shares of Escorts Kubota sank over six percent in trade, after the tractor player announced it would sell its railway equipment business to Sona BLW Precision Forgings for Rs 1,600 crore.

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Sona BLW Precision Forgings Ltd. has entered into an agreement to acquire the Railway Equipment Division (RED) of Escorts Kubota. The transaction is being carried out for a lump sum cash ...

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