Corporate News     20-Sep-23
Board of Escorts Kubota approves incorporation of NBFC arm
At meeting held on 20 September 2023
The Board of Escorts Kubota at its meeting held on 20 September 2023 has approved the proposal to incorporate a wholly owned subsidiary as a non-banking finance company to finance the company's products/ customers.

The proposed company will be incorporated with an authorised share capital of Rs 700 crore and the Board has approved the infusion of capital up to Rs 200 crore as and when required as per the business plan of the proposed company.

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