In a filing to the BSE on Monday, Maruti Suzuki India said Suzuki Motor Corporation's stake in MSI has increased to 56.2 per cent from 54.2 per cent due to a share swap agreement with the domestic car market leader to acquire Suzuki Powertrain India Ltd.
Prior to the merger, SMC held 70 per cent stake in SPIL, while the rest was held by MSI.
In June last year, MSI had announced plan to merge SPIL with itself in order to prepare itself to meet increasing demand for diesel vehicles.
At that time, SPIL was supplying 3
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