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Maruti Suzuki India to acquire 100% paid-up equity share capital of SMG

17 Oct 2023 Evaluate

Maruti Suzuki India has executed Share Purchase and Subscription agreement (SPSA) with Suzuki Motor Gujarat (SMG) and Suzuki Motor Corporation (SMC) to acquire 12,84,11,07,500 equity shares of Rs 10 each representing 100% paid-up equity share capital of SMG, owned by SMC, for a total purchase consideration of Rs 12,841.1 crore. The Purchase Consideration payable by the Company for such purchase of 100% of SMG’s equity shares shall be discharged by way of issue and allotment of 1,23,22,514 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. 

The proposed transaction is being done at ‘arm's length’, taking into account the valuation report issued by RBSA Valuation Advisors LLP, Independent Registered Valuer, in accordance with the applicable laws.  The transaction shall be completed after taking the requisite approvals of the stock exchanges, as required under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and other Government approvals under Foreign Exchange Management Act, 1999 as may be applicable. The Board of Directors of the Company, at its meeting held on October 17, 2023, approved the same

Maruti Suzuki India is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.

Maruti Suzuki Share Price

13458.30 12.35 (0.09%)
21-Apr-2026 16:59 View Price Chart
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