Maruti Suzuki India Ltd.

Maruti Suzuki India is currently trading at Rs. 1573.65, up by 37.65 points or 2.45% from its previous closing of Rs. 1536.00 on the BSE.

The scrip opened at Rs. 1537.10 and has touched a high and low of Rs. 1574.00 and Rs. 1537.10 respectively. So far 24445 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1637.60 on 06-Feb-2013 and a 52 week low of Rs. 1052.00 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 1574.00 and Rs. 1466.55 respectively. The current market cap of the company is Rs. 47098.81 crore.

The promoters holding in the company stood at 56.21% while Institutions and Non-Institutions held 34.96% and 8.83% respectively.

Maruti Suzuki India, the country’s largest car maker, in order to consolidate its business will consider amalgamation of the company’s seven wholly-owned subsidiaries with itself at the upcoming board meeting. The company’s board will be meeting on April 26, 2013 and shall consider the proposal of amalgamation.

The seven wholly-owned subsidiaries, which are engaged in different businesses are Maruti Insurance Business Agency, Maruti Insurance Agency Services, Maruti Insurance Distribution Services, Maruti Insurance Agency Logistics, Maruti Insurance Agency Solutions, Maruti Insurance Agency Network and Maruti Insurance Broker.

Besides, the development comes at a time when the auto major has witnessed a change at the top management.