{"id":242032,"date":"2023-10-18T02:50:14","date_gmt":"2023-10-18T02:50:14","guid":{"rendered":"https:\/\/automotobuzz.com\/?p=242032"},"modified":"2023-10-18T02:50:14","modified_gmt":"2023-10-18T02:50:14","slug":"suzuki-motor-corp-to-raise-its-stake-in-maruti-to-58-19","status":"publish","type":"post","link":"https:\/\/automotobuzz.com\/news-features\/suzuki-motor-corp-to-raise-its-stake-in-maruti-to-58-19\/","title":{"rendered":"Suzuki Motor Corp to raise its stake in Maruti to 58.19%"},"content":{"rendered":"<h2>Maruti Suzuki to acquire 100% of equity shares of Suzuki Motor Gujarat for Rs 12,841.1 crore.<\/h2>\n<p><span>The Suzuki Motor Corporation (SMC) is increasing its stake in Maruti Suzuki from 56.48% to 58.19%. Maruti has also approved the deal to acquire a 100% stake in Suzuki Motor Gujarat (SMG).<\/span><\/p>\n<p><span>According to a statement, the Board of Maruti Suzuki India has approved the issuance of 1.23 crore equity shares of face value of Rs 5 each to Suzuki Motor Corporation at a price of Rs 10,420.85 per share.<\/span><\/p>\n<p><span>The board of Maruti Suzuki India has executed the share purchase and subscription agreement to acquire 100% of equity shares of SMG owned by Suzuki Motor Corporation for Rs 12,841.1 crore.<\/span><\/p>\n<p><span>In August, the company\u2019s board had approved the issuance of shares to SMC on a preferential basis for the acquisition of a 100% stake in SMG. With this acquisition, Maruti Suzuki aims to reduce complexity and consolidate all manufacturing-related activities under one entity.<\/span><\/p>\n<p><span>Source:\u00a0HT Auto<\/span><\/p>\n<p>Source: <a href=\"https:\/\/www.team-bhp.com\/news\/suzuki-motor-corp-raise-its-stake-maruti-5819\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maruti Suzuki to acquire 100% of equity shares of Suzuki Motor Gujarat for Rs 12,841.1 crore. The Suzuki Motor Corporation<\/p>\n","protected":false},"author":2,"featured_media":242031,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Suzuki Motor Corp to raise its stake in Maruti to 58.19% - AutoMotoBuzz.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/automotobuzz.com\/news-features\/suzuki-motor-corp-to-raise-its-stake-in-maruti-to-58-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suzuki Motor Corp to raise its stake in Maruti to 58.19% - AutoMotoBuzz.com\" \/>\n<meta property=\"og:description\" content=\"Maruti Suzuki to acquire 100% of equity shares of Suzuki Motor Gujarat for Rs 12,841.1 crore. 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