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ā¢ Maruti Suzuki India's board has approved the allotment of 1,23,22,514 equity shares to Suzuki Motor Corporation on a preferential basis as consideration for the acquisition of a 100% stake in Suzuki Motor Gujarat.
ā¢ Suzuki Motor's stake in Maruti Suzuki India will increase from 56.48% to 58.19% after the preferential allotment.
ā¢ Suzuki Motor has invested Rs 18,000 crore in SMG, its wholly owned subsidiary that supplies its entire production to Maruti Suzuki India.