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Escorts buys shares in Escorts Motors

NEW DELHI: Escorts on Monday went public with the acquisition 24.50 lakh equity shares of Escorts Motors for Rs. 83 crores and unsecured bonds of Idea Mobile for Rs. 175.70 crores. The company board has approved the move, Escorts informed the Bombay Stock Exchange. The board also approved the reappointment of Rajan Nanda as managing director and Nikhil Nanda as executive director.

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