Badve Engineering Ltd. completes acquisition of Escorts Auto Product division  [ India ]

In a stock exchange filing on December 7, Escorts Ltd. announced that it has successfully divested the OEM and export business of its Auto Product Division to Badve Engineering Ltd. in an all cash deal as a part of the planned strategic reorientation of the business to focus on core verticals in the agri-machinery, construction equipment and railway equipment segments. ICICI Securities act...
<Dec 08, 2016>