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Maruti for preferential share issue...

NEW DELHI: Maruti Suzuki will seek...

Maruti for preferential share issue to buy Suzuki’s Gujarat unit

NEW DELHI: Maruti Suzuki will seek shareholders' nod to buy parent Suzuki's Gujarat factory through a preferential share allotment, and not by using its cash reserves which was over Rs 46,000 crore at the end of June quarter, chairman R C Bhargava said on Tuesday. He claimed that conserving cash and earning interest on it will prove to be a better option to increase profitability, earnings per share (EPS) and dividend.The company on July 31 announced its board's intentions to take over Suzuki Motor's plant that has a...

Karl Jörg - August 8, 2023

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Maruti for preferential...

NEW DELHI: Maruti Suzuki will seek shareholders' nod to buy parent Suzuki's Gujarat factory through a preferential share allotment, and not by using...

Karl Jörg - August 8, 2023

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