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Maruti gets nod to acquire Suzuki Motor Gujarat

Maruti Suzuki India has announced that its shareholders have approved the proposal to issue shares to its parent company, Suzuki Motor Corporation (SMC), as part of a related-party transaction. This transaction is for the acquisition of a 100% stake in Suzuki Motor Gujarat. The company received approval through a postal ballot on two special resolutions related to the acquisition.

from Times of India https://ift.tt/FtpkIWe

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