The agricultural machinery sector witnessed a significant development as AGCO Corporation faced criticism from its largest shareholder. Tractors and Farm Equipment (TAFE), an Indian company, expressed concerns about AGCO’s leadership and strategy. TAFE’s chairperson, Mallika Srinivasan, owns approximately 17% of AGCO’s shares and serves on its board of directors. TAFE’s letter to shareholders accused AGCO’s […]
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