Maruti Suzuki gets Suzuki Motor Gujarat shares
12,322,514 shares were transferred by Suzuki Motor Gujarat to Maruti Suzuki.
MANILA: Maruti Suzuki India Limited (MSIL) has recently acquired the shares of Suzuki Motor Gujarat Private Limited.
KEY TAKEAWAYS
How many shares were transferred by Suzuki Motor Gujarat to Maruti Suzuki?
12,322,514 shares were transferred by Suzuki Motor Gujarat to Maruti Suzuki.How much is the holding ratio of Maruti Suzuki now that the transfer has been completed?
Maruti Suzuki now has a holding ratio of 58.19 percent.12,322,514 shares were transferred by Suzuki Motor Gujarat to MSIL, valued at INR10,420.95 per share.
The acquisition increased MSIL’s share from 170,628,962 to 182,951,476, while the holding ratio rose from 56.48 to 58.19 percent.
The transfer of shares was first announced in a notice dated October 17, 2023.
Photos from Suzuki
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