“we’re thrilled to have acquired a enterprise that has an amazing marketplace standing and the flexibility to supply an in depth range of vehicle components for numerous applications.”
ICICI Securities acted as transaction marketing consultant for the deal.
About Escorts institution:
The ESCORTS group is among India’s leading engineering conglomerates operating in high growth sectors of Agri machinery, production equipment, Railway device and auto additives. The group has earned the consider of over 5 Million customers via way of product and technique innovations over six many years of its life. Escorts endeavors to transform lives in rural and urban India by main the revolution in agriculture mechanization, modernization of automobile & railway era and transformation of Indian production.
About Badve organization:
Badve organization is a main car gadget provider in India with manufacturing centers unfold throughout India and catering to the 2W, 3W, 4W and client long lasting segments with a very sturdy recognition on forging purchaser relationships with big OEMs.