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PTI, Oct 17, 2023, 11:25 AM IST
Maruti Suzuki India on Tuesday claimed its board has actually authorized a proposition to perform a share purchase arrangement to acquire 100 percent equity funding of Suzuki Motor Gujarat (SMG) from Suzuki Motor Corporation.
The vehicle significant has actually performed the share purchase and membership arrangement (SPSA) with SMC and SMG to acquire 12,84,11,07,500 shares of Rs 10 each, standing for 100 percent equity funding of SMG had by SMC, for a total amount purchase factor to consider of Rs 12,841.1 crore, Maruti Suzuki India (MSI) claimed in a regulative declaring.
The factor to consider payable by the firm for such purchase of 100 percent of SMG’s equity shares will be released using concern and part of 1,23,22,514 equity shares of the firm having stated value of Rs 5 each to SMC, at a rate …
