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As per the valuation report issued by RBSA Valuation Advisors LLP, the Rs 10,420.85 price per share approved by Maruti Suzuki board is equivalent to Rs 12,841.1 crore in value terms.
The company's board has approved allotment of 1,23,22,514 shares to SMC having face value of Rs 5 each at a price of Rs 10,420.85 per share, the auto major said in a regulatory filing.
In October, the automobile major had decided to issue and allot 1.23 crore fully paid-up equity shares of Rs 5 each to Suzuki Motor, at a price of Rs 10,420.85 apiece.
Get latest articles and stories on Latest News at LatestLY. Maruti Suzuki India on Friday said its board has approved allotment of over 1.23 crore shares to its parent Suzuki Motor Corporation (SMC) on a preferential basis for the acquisition of 100 per cent stake in Suzuki Motor Gujarat. Latest News | Maruti to Issue over 1.23 Cr Shares on Preferential Basis to SMC for Suzuki Motor Gujarat Buyout.
Ministry of Railways is now on board the divestment of CONCOR and all earlier issues have been resolved.