Sanand: Maruti Suzuki India Ltd. announced on Tuesday that its board has given the green light to a proposal for the acquisition of the entire equity capital of Suzuki Motor Gujarat (SMG) from Suzuki Motor Corporation. The purchase price for this transaction amounts to Rs 12,841.1 crore, as stated in a regulatory filing by Maruti Suzuki India (MSI).
The company has signed a share purchase and subscription agreement (SPSA) with SMC and SMG to purchase a total of 1,284,110,750,000 shares, each wi...Read More