SUZUKI MOTOR CORP. UPS STAKE IN MARUTI SUZUKI INDIA LTD.56.37% | Automotive News | Auto Reporter
Updated: Sep 14, 2020
The Japanese automaker Suzuki Motor Corporation (SMC) has increased its stake in Indian subsidiary Maruti Suzuki india ltd. to 56.37 per cent by purchasing maximum shares from the market.
The Suzuki Motor Corporation (SMC) purchased 284,322 equity shares that valued at 204.31 crore rupees, Maruti Suzuki said in a notification to the BSE. Prior to the transaction, Suzuki Motor held 56.28 per cent in Maruti Suzuki.
Before lockdown in March 2020, Suzuki Motor had purchased another tranche of 211,000 equity shares of Maruti Suzuki valued at 134.26 crore to raise its stake in the company from 56.21 per cent.