HDFC Mutual Fund sold 16.21 lakh shares of Escorts Kubota Limited for ₹453.01 Cr at ₹2,794.00 apiece in a bulk deal.
A leading Indian engineering conglomerate, Escorts Kubota manufactures agricultural machinery, construction equipment, material handling solutions, and railway equipment for domestic and international markets. The company operates through a joint venture with Kubota Corporation of Japan, strengthening its technological capabilities and market position in farm mechanization. Its diversified portfolio spans tractors, engines, and industrial equipment across multiple sectors.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.