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Maruti stock rises 7.53 per cent on plan to seek shareholder's nod

The company's scrip closed 131.75 points or 7.58 percent higher on Tuesday. The stock market was closed on Monday on account of Holi.

IANS | March 18, 2014 | Updated 16:23 IST
Maruti stock rises 7.53 per cent on plan to seek shareholder's nod

Automobile firm Maruti Suzuki's stock closed 131.75 points or 7.58 percent higher on Tuesday after the company said it would seek minority shareholder approval to set up a plant in Gujarat as a unit of Suzuki Motor Corporation.

The company's scrip closed at Rs.1,737.10 on Friday. The stock market was closed on Monday on account of Holi.

Maruti Suzuki's board decided to seek the minority shareholder approval after the proposal drew opposition from the company's leading institutional investors.

 

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