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ā¢ Maruti Suzuki India Ltd. is set to approve the preferential allotment of equity shares to parent company Suzuki Motor Corporation, which will increase its equity share in MSIL to 58.19 percent from 56.48 percent.
ā¢ The purpose of the issue is to increase production capacity and bring all production-related activities under MSIL for efficiency.
ā¢ Shareholding of mutual funds and foreign institutional investors will decrease post-issue.