99% of shareholders vote for Maruti Suzuki’s acquisition of Suzuki Motor Gujarat
In October, MSIL's board of directors granted approval for the acquisition of 12,84,11,07,500 equity shares of INR 10 each, representing the entire paid-up equity share capital of SMG. This share capital is currently owned by Suzuki Motor Corporation, Japan (SMC), and the total purchase consideration for this transaction amounts to INR 12,841.1 crore.
Tags : Maruti Suzuki’s acquisition maruti suzuki manish gupta acquisition suzuki motor corporation Suzuki Motor Gujarat msil equity contract manufacturing agreement
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