Business Standard

Maruti Suzuki gains 2% after promoter buys 3.45 lakh shares via open market

ICICI Securities said this is sentimentally positive for the company and a confidence boosting measure

Maruti Suzuki
Premium

SI Reporter Mumbai
Shares of Maruti Suzuki India (MSIL) were up 2 per cent to Rs 8,700.65 on the BSE in Wednesday's trade after the company said its promoter, Suzuki Motor Corporation, has bought over 3 lakh shares of the company, worth about Rs 300 crore, via open market.

As per SAST disclosures to stock exchanges, the promoter of MSIL, Suzuki Motor Corporation, has bought 3.45 lakh shares in the company from the open market during March 10-13, 2023.

The stake purchase represents 0.11 per cent stake with total stake purchase amount pegged at Rs 296 crore. Post this stake purchase,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in