Sona BLW shares zoom 10.5% on approving Rs 1,600 crore acquisition of Escorts Kubota’s railway equipment biz

October 24, 2024

Sona BLW Precision Forgings (Sona Comstar) is acquiring Escorts Kubota’s Railway Equipment Division for Rs 1,600 crore on a slump sale basis. This strategic move aligns with Escorts Kubota’s focus on agriculture and construction sectors. The acquisition enhances Sona Comstar’s mobility offerings.

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