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Old 10th September 2020, 19:01   #1
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Suzuki Motor Corporation raises stake in Maruti-Suzuki to 56.37% | EDIT: Now at 58.19%

Suzuki purchased 284,322 equity shares valued at Rs 204.31 crore Maruti Suzuki said in a notification to the Bombay Stock Exchange (BSE).

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New Delhi: Japanese auto major Suzuki Motor Corporation (SMC) has increased its stake in Indian subsidiary Maruti Suzuki to 56.37% by purchasing shares from the market.

Prior to the transaction, Suzuki held 56.28% in Maruti Suzuki.

Earlier in March this year, Suzuki had purchased another tranche of 211,000 equity shares of Maruti Suzuki valued at Rs 134.26 crore to raise its stake in the company from 56.21%.

Suzuki’s move to purchase shares in Maruti Suzuki has come close on the heels of SMC President Toshihiro Suzuki saying the automotive industry in India is 'recovering faster than expected' on account of pent up demand and the need for personal mobility over public transportation post lifting lockdown in May.

"The economic prospect of India in the mid-term appears to be promising. The Government of India has taken an ambitious target to make India $5 trillion coming in next few years. This definitively means growth in the manufacturing sector and the automotive sector”, Suzuki said Saturday at the 60th Annual Convention of the Automotive Component Manufacturers Association (ACMA).
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Old 11th September 2020, 06:30   #2
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re: Suzuki Motor Corporation raises stake in Maruti-Suzuki to 56.37% | EDIT: Now at 58.19%

Sure speaks volumes about the confidence Suzuki Japan has in Suzuki India . Although, they sure could have timed it better
Suzuki Motor Corporation raises stake in Maruti-Suzuki to 56.37% | EDIT: Now at 58.19%-screenshot-20200911-062928.png
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Old 17th October 2023, 11:01   #3
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re: Suzuki Motor Corporation raises stake in Maruti-Suzuki to 56.37% | EDIT: Now at 58.19%

Suzuki Motor Corp stake in Maruti to increase to 58.19%, gets 1.23 crore new shares .

Maruti Suzuki India board of directors approves issuance of equity shares to SMC on a preferential basis for MSIL’s acquisition of 100% equity stake of SMC in Suzuki Motor Gujarat.

Quote:
The Board of Maruti Suzuki India has approved the issuance of 1.23 crore equity shares of the company of face value of Rs 5 each to Suzuki Motor Corporation at a price of Rs 10,420.85 as part of integrating Suzuki Motor Gujarat to itself.
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Last edited by volkman10 : 17th October 2023 at 11:02.
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Old 18th November 2023, 21:00   #4
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Re: Suzuki Motor Corporation raises stake in Maruti-Suzuki to 56.37% | EDIT: Now at 58.19%

Maruti Suzuki shareholders vote in favour of issuing preference shares to parent firm Suzuki Motor.

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As many as 98% shareholders of Maruti Suzuki have voted in favour of resolution to issue equity shares to Suzuki Motor Company (SMC) to discharge the consideration payable by Maruti for the acquisition of a 100% equity stake of the former in Suzuki Motor Gujarat Private Ltd.
Quote:
The acquisition of SMG from Suzuki Motor Corporation will happen before March 31, 2024, the firm had earlier said.
In terms of actual production, logistics, sales, and the cost thereof, there will be no change as the cars earlier supplied by SMG as a contract manufacturer, will now continue to be supplied as before, Maruti had said.

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Last edited by volkman10 : 18th November 2023 at 21:01.
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