c635c1bf-fe34-40f0-baf4-0cf68e392fd9.pdf (bseindia.com)
MSIL Maruti Suzuki India Limited
SMC Suzuki Motor Corporation (parent company of MSIL, head quartered in Japan)
SMG Suzuki Motor Gujarat Private Limited (100% subsidiary of SMC in Gujarat, India)
MSIL would be acquiring SMC equity in SMG.
Acquire 100% shares of SMG held by SMC (at net book value in terms of the provisions of the CMA).
Pay for the SMG shares held by SMC by making preferential issue of MSIL equity shares to SMC.
It’s part of full restructuring. The company believes that this will increase the EPS and Dividend Payout.
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