Reply To: Suzuki Motor Corporation Increases Ownership in Maruti-Suzuki to 56.37%, Updated

Home Forums Driving Revolution: Discovering the Thriving World of Indian Automobiles Suzuki Motor Corporation Increases Ownership in Maruti-Suzuki to 56.37%, Updated Reply To: Suzuki Motor Corporation Increases Ownership in Maruti-Suzuki to 56.37%, Updated

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Abhishek
Participant

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%.