Maruti Suzuki India is ready to subject shares to Suzuki Motor Company (SMC) for its Gujarat unit acquisition at ₹10,421 per share.
In a submitting with the exchanges, the corporate mentioned its Board has in a gathering on October 17 accredited the acquisition of 100% of the Suzuki Motors Gujarat (SMG) shares owned by SMC.
The acquisition shall be by the use of subject and allotment of the MSI’s fairness shares to SMC on a preferential foundation for consideration apart from money, equal to the online guide worth of SMG, it added.
“Thrilling information! Mint is now on WhatsApp Channels 🚀 Subscribe at present by clicking the hyperlink and keep up to date with the most recent monetary insights!” Click here!
Obtain The Mint Information App to get Every day Market Updates & Reside Enterprise Information.
Extra
Much less
Up to date: 17 Oct 2023, 10:33 AM IST
Supply: Live Mint