{"id":49796,"date":"2023-10-18T02:50:19","date_gmt":"2023-10-18T02:50:19","guid":{"rendered":"https:\/\/highwaytale.com\/?p=49796"},"modified":"2023-10-18T02:50:19","modified_gmt":"2023-10-18T02:50:19","slug":"suzuki-motor-corp-to-raise-its-stake-in-maruti-to-58-19","status":"publish","type":"post","link":"https:\/\/highwaytale.com\/news-features\/suzuki-motor-corp-to-raise-its-stake-in-maruti-to-58-19\/","title":{"rendered":"Suzuki Motor Corp to raise its stake in Maruti to 58.19%"},"content":{"rendered":"

Maruti Suzuki to acquire 100% of equity shares of Suzuki Motor Gujarat for Rs 12,841.1 crore.<\/h2>\n

The Suzuki Motor Corporation (SMC) is increasing its stake in Maruti Suzuki from 56.48% to 58.19%. Maruti has also approved the deal to acquire a 100% stake in Suzuki Motor Gujarat (SMG).<\/span><\/p>\n

According to a statement, the Board of Maruti Suzuki India has approved the issuance of 1.23 crore equity shares of face value of Rs 5 each to Suzuki Motor Corporation at a price of Rs 10,420.85 per share.<\/span><\/p>\n

The board of Maruti Suzuki India has executed the share purchase and subscription agreement to acquire 100% of equity shares of SMG owned by Suzuki Motor Corporation for Rs 12,841.1 crore.<\/span><\/p>\n

In August, the company\u2019s board had approved the issuance of shares to SMC on a preferential basis for the acquisition of a 100% stake in SMG. With this acquisition, Maruti Suzuki aims to reduce complexity and consolidate all manufacturing-related activities under one entity.<\/span><\/p>\n

Source:\u00a0HT Auto<\/span><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Maruti Suzuki to acquire 100% of equity shares of Suzuki Motor Gujarat for Rs 12,841.1 crore. 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