Suzuki Motor ups stake in Maruti to 56.37%, buys 284,322 equity shares

Japanese auto major Suzuki Motor Corporation (SMC), has increased its stake in Indian subsidiary Maruti Suzuki to 56.37% by purchasing shares from the market.

Prior to the transaction, Suzuki held a 56.28 per cent stake in Maruti Suzuki.

Maruti Suzuki said in a notification to the Bombay Stock Exchange (BSE) that Suzuki purchased 284,322 equity shares valued at Rs 204.31 crore.

Earlier in March this year, Suzuki had purchased another tranche of 211,000 equity shares of Maruti Suzuki valued at Rs 134.26 crore to raise its stake in the company from 56.21 percent.