The
nation's largest car maker, Maruti Suzuki on Tuesday said the company's
Board of Directors has approved a proposal, under which the Maruti
Suzuki powertrain India [SPIL] Suzuki merged into.
30
per cent of Maruti Suzuki in SPIL, while 70 per cent of the Japanese
company, Suzuki Motor Corporation and Maruti Suzuki diesel engine is
SPIL and transmission system supplies.
Maruti
Suzuki has said in a statement that the merger through share swap to.
pay cash from Maruti Suzuki. merger plan after the retrenchment of
employees.
The
company said the merger in Suzuki Motor to SPIL in 10 bucks each for the
shares of nominal value of Maruti Suzuki 70 five bucks a share gain of
face value.
According
to the statement of the 70 per cent stake in Suzuki Motor SPIL instead
of Maruti Suzuki, Maruti Suzuki 1.317 million new shares will find that
its share from 56.2 per cent of 54.2 per cent.
Statement
by the end of December to meet regulatory and legal permission to merge
process is complete after getting permission. Maruti Suzuki and the
account will be one which SPIL a effective from April 2012.
