Suzuki Motor Corp is set to boost its stake in Maruti to 58.19% with the acquisition of 1.23 crore new shares.
The board of directors of Maruti Suzuki India has given the green light for the issuance of equity shares to SMC on a preferential basis. This move is part of MSIL’s purchase of SMC’s complete equity stake in Suzuki Motor Gujarat, totaling 100%.