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Suzuki enhances its stake in Maruti
Tuesday, March 9, 2010 10:58:03 AM by Anoop Kumawat

Suzuki Motors has enhanced its stake in its subsidiary Maruti Suzuki to 55 percent. The move of raising its stake in Maruti Suzuki has ignited some speculations in the Auto market in India about intentions of Suzuki to take full control of Maruti Suzuki in coming years. Suzuki Motors increased its stake in Maruti Suzuki by 0.8% through secondary market purchases. According to Indian rules of acquisitions Suzuki has to make an open offer for another 20% if it raises its stake to more than 55%.

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