The board of Maruti Suzuki India Ltd (MSIL) has approved the acquisition of Suzuki Motor Gujarat Private Ltd, owned by Suzuki Motor Corporation, Japan for a total purchase consideration of Rs 12,841.1 crore.
The purchase consideration payable by the company for the purchase of 100 per cent of SMG’s equity shares will be discharged by way of issue and allotment of 1.23 crore equity shares of the company having face value of Rs 5 each to SMC, at a price of Rs 10,420.85 per equity share, on a preferential basis.
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