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Maruti Suzuki is currently trading at Rs. 10545.55, up by 21.45 points or 0.20% from its previous closing of Rs. 10524.10 on the BSE.

The scrip opened at Rs. 10485.05 and has touched a high and low of Rs. 10572.75 and Rs. 10485.05 respectively. So far 2154 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 10846.10 on 27-Oct-2023 and a 52 week low of Rs. 8076.65 on 26-Dec-2022.

Last one week high and low of the scrip stood at Rs. 10602.00 and Rs. 10366.00 respectively. The current market cap of the company is Rs. 318560.04 crore.

The promoters holding in the company stood at 56.48%, while Institutions and Non-Institutions held 40.06% and 3.45% respectively.

Maruti Suzuki India has received shareholders’ approval to issue shares on a preferential basis to Suzuki Motor Corporation (SMC) as consideration for a related party transaction for the acquisition of 100 percent stake in Suzuki Motor Gujarat. 

The company had sought approval from its shareholders through a postal ballot on two special resolutions for the purpose of fully acquiring Suzuki Motor Gujarat (SMG) last month. Resolutions as set out in the postal ballot pertaining to approval of related party transaction, and create, offer, issue, and allot equity shares on a preferential basis for consideration other than cash have been approved by the members of the company with requisite majority. 

The first special resolution of related party transaction was approved with 98.21 percent in favour and 1.79 percent against. The second special resolution to create, offer, and allot equity shares on a preferential basis other than cash consideration to SMC received 98.91 percent votes in favour and 1.09 percent against. 

Last month, the company's board approved the acquisition of SMG for a total purchase consideration of Rs 12,841.1 crore. It was envisaged to be discharged by way of issue and allotment of over 1.23 crore equity shares of the company having a face value of Rs 5 each to SMC, at a price of Rs 10,420.85 per equity share.

In August this year, Maruti Suzuki India's board approved the issue of shares on a preferential basis to SMC as consideration for the acquisition of a 100 percent stake in Suzuki Motor Gujarat. The transaction will enhance SMC's stake in the company to 58.28 percent from 56.4 percent currently. Post the acquisition, SMG will become a wholly-owned subsidiary of Maruti Suzuki India.

Maruti Suzuki India is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing ser