BENGALURU (Reuters) – India’s Escorts Kubota is considering selling its railway equipment business as it plans to focus on its core tractor business, CNBC-TV18 reported on Tuesday, citing sources with knowledge of the matter.
The report said the company is in talks with investors for a possible sale but did not name them or give a potential deal value. Escorts Kubota told CNBC-TV18 that the news was speculative.
Escorts Kubota, which has a market capitalisation of 328.37 billion Indian rupees ($3.97 billion), did not immediately respond to Reuters’ request for comment.
