INDIA: Maruti IPO opens next month
The initial public offer for India's largest car maker, Maruti Udyog Ltd., will open for subscription on June 12, Dow Jones reported, citing the Press Trust of India news agency. The offer will close on June 19, the report said, quoting unnamed company sources. The high-profile listing will enable the government to reduce its equity in the company to 20% from 45%. Majority owner Suzuki Motor holds a 54% stake in Maruti, the report added.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable