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Maruti valuation report next month: Joshi

The valuation of Maruti Udyog ltd is likely to be completed by January-end as part of the government's plan to divest its equity in the auto company.

This was stated by Heavy Industries Minister Manohar Joshi in New Delhi on Wednesday.

"We have already appointed three valuers for Maruti, and the report is expected next month," Joshi said.

The three valuers appointed by the government last month for the exercise are KPMG, Ernst & Young and S.B. Billimoria.

Asked if the Maruti divestment process would be completed this fiscal, Joshi said: "It may be possible, but it depends on the divestment department."

Speaking on the auto policy, Joshi said: "The auto policy is already in advanced stage of formulation and we expected the policy to be announced in the next two-three months."
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