The Competition Commission of India (CCI), the fair-trade regulator, approved Kubota Corporation's acquisition of certain additional equity in Escorts Limited. According to a statement, the transaction involves Kubota acquiring certain additional equity shares of Escorts through preferential allotment and a mandatory tender offer following the Securities and Exchange Board of India (SEBI) rules.

Kubota is an agricultural machinery manufacturer that offers a wide range of products. It also provides engineering, procurement, and construction services, as well as maintenance.

Escorts is an Indian company that manufactures and sells agricultural machinery, construction equipment, and railway equipment.

The regulator said that the Commission approves acquisition of certain additional equity shares of Escorts by Kubota Corporation by way of preferential allotment.