Maruti to issue Rs 12,800 cr worth of shares to Suzuki to buy Gujarat plant
The country’s largest carmaker Maruti Suzuki on Monday said its board has approved a proposal to execute a share purchase agreement to acquire 100% equity capital of Suzuki Motor Gujarat (SMG) from parent Suzuki Motor Corporation (SMC). Maruti Suzuki has executed the share purchase and subscription agreement (SPSA) with SMC and SMG to acquire 12,84,11,07,500 …
