Maruti Suzuki India Ltd.

Maruti Suzuki India has received an approval from the board for issue of equity shares of the Company on preferential allotment basis to Suzuki Motor Corporation (SMC), as consideration for the acquisition of 100% stake of SMC in Suzuki Motor Gujarat (SMG). This will be subject to applicable regulatory and statutory approval(s), as may be required, including requisite approval of shareholders. Post such acquisition, SMG will become a wholly owned subsidiary of the Company.

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.