Maruti to issue over 1.23 cr shares to Suzuki for Gujarat unit buyout tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
As per the valuation report issued by RBSA Valuation Advisors LLP, the Rs 10,420.85 price per share approved by Maruti Suzuki board is equivalent to Rs 12,841.1 crore in value terms.
Maruti Suzuki India Ltd approves allotment of 1,23,22,514 shares to Suzuki Motor Corporation equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
The company's board has approved allotment of 1,23,22,514 shares to SMC having face value of Rs 5 each at a price of Rs 10,420.85 per share, the auto major said in a regulatory filing.
In October, the automobile major had decided to issue and allot 1.23 crore fully paid-up equity shares of Rs 5 each to Suzuki Motor, at a price of Rs 10,420.85 apiece.