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Tractor and Farm Equipment Limited (TAFE), one of the world’s biggest producers of tractors and agricultural equipment, has introduced a landmark settlement with international agricultural device foremost AGCO. The agreement resolves all first rate subjects among the two companies, including the ones associated with emblem possession, shareholding, and commercial relationships.

As part of the comprehensive decision, TAFE turns into the only and different owner of the “Massey Ferguson” brand in India, Nepal, and Bhutan, securing all associated rights, emblems, and goodwill. The pass similarly strengthens TAFE’s leadership and emblem fairness inside the South Asian agricultural equipment market.

In a prime structural development, TAFE will purchase again AGCO’s 20.7% equity stake for $260 million, making it an entirely-owned subsidiary of the Chennai-based Amalgamations Group.