Company Overview of International Tractors Limited
International Tractors Limited develops, manufactures, and markets tractors for the farming community. It offers garden, utility, and agriculture tractors; and implements, including disc harrows, cultivators, disc ploughs, and MB ploughs. The company also offers trouble shooting and support services. It serves customers through distributors and dealers worldwide. The company was incorporated in 1995 and is based in Hoshiarpur, India. International Tractors Limited operates as a subsidiary of Sonalika Group.
Village Chak Gujran
Founded in 1995
Key Executives for International Tractors Limited
Director of Sales & Marketing
Compensation as of Fiscal Year 2016.
International Tractors Limited Key Developments
International Tractors Reportedly Seeks To Sell
Sep 19 16
International Tractors Limited reported that it plans to file draft documents for an initial share sale with the regulator by early next month.
Yanmar To Raise Stake in International Tractor
Jun 16 16
Yanmar Holdings Co., Ltd. is in talks with International Tractor Ltd to raise its stake in the company, reports Economic Times. Yanmar owns 12.5% stake in International Tractor and has expressed interest in raising that to 20%, the company's top official told ETAuto.
International Tractors Reportedly Plans To Raise INR 12 Billion Via IPO In 2016
Dec 10 15
International Tractors Limited reportedly is seeking IPO. International Tractors is planning to raise as much as INR 12 billion through an initial public offering (IPO), according to three people aware of the development, who spoke on condition of anonymity. “The firm has been in discussions with investment banks for the last few months and is currently in the process of hiring banks for handling the IPO process. They are looking to hire around four banks,” said the one of source. The Blackstone Group L.P. (NYSE:BX) is looking to make a partial exit through the IPO, said a second person aware of the development. “A large portion of the IPO will be an offer for sale from Blackstone. However, the exact stake that the fund will sell is yet to be decided as it will be a function of investor interest for the issuance and the valuation they are able to get. Depending on the final valuation, the IPO size could range between INR 10 billion and INR 12 billion,” second person aware of the development said, adding that the firm is looking to launch the IPO in the second half of the next calendar year. The promoters will also dilute some of their holding in the company and the firm might not raise primary capital from the IPO, second person aware of the development said. A.S. Mittal, Vice Chairman, International Tractors, declined to comment on the firm’s IPO plans. Blackstone did not respond to questions emailed on December 8, 2015.
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