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Maruti Suzuki rises on inking MoU with Union Bank of India for dealer financing solutions
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Maruti Suzuki India is currently trading at Rs. 11278.00, up by 127.40 points or 1.14% from its previous closing of Rs. 11150.60 on the BSE.
The scrip opened at Rs. 11150.00 and has touched a high and low of Rs. 11322.05 and Rs. 11135.00 respectively. So far 14362 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 11715.00 on 23-Feb-2024 and a 52 week low of Rs. 8127.05 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 11715.00 and Rs. 11135.00 respectively. The current market cap of the company is Rs. 354583.22 crore.
The promoters holding in the company stood at 58.19%, while Institutions and Non-Institutions held 38.30% and 3.49% respectively.
Maruti Suzuki India (MSIL) has signed a Memorandum of Understanding (MoU) with Union Bank of India for Inventory Funding. This new alliance further enhances comprehensive inventory funding options for over 4000 Maruti Suzuki sales outlets across the country.
This strategic alliance strengthens the company’s enduring relationship with Union Bank, harnessing the combined capabilities of MSIL and Union Bank to deliver customized retail finance products and comprehensive working capital solutions.
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 services.
