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ā¢ Maruti Suzuki India's board has approved the allotment of over 1.23 crore shares to its parent company Suzuki Motor Corporation for the acquisition of 100% stake in Suzuki Motor Gujarat.
ā¢ The valuation report by RBSA Valuation Advisors LLP values the shares at Rs 12,841.1 crore.
ā¢ SMC's stake in Maruti Suzuki India will increase to 58.19% from 56.48% with this allotment.