HSBC Global sells about 2 lakh shares in Maruti Suzuki

HSBC Global Investments Fund has offloaded 199,198 shares in the country’s largest carmaker Maruti Suzuki India (MSI) in the open market on June 29, 2012. However, MSI did not specify the value of transaction.

After the sale, HSBC Global Investments Fund’s stake in MSI reduced to 4.99% from 5.06% earlier.

As on June 2012, Suzuki Motor Corp held 54.21% stake in MSI, while the public shareholding in the company is 45.79% with foreign institutional investors accounting for 36.71% and domestic institutional investors holding 16.42% stake, while the remaining 9.08% is with non-institutions.