India, Dec. 1 -- Maruti Suzuki India on Monday announced that its merger with Suzuki Motor Gujarat (SMG) has officially become effective.
The company said it has filed the certified copy of the National Company Law Tribunal's (NCLT) approval order with the Registrar of Companies, Delhi. With the scheme now in force, Maruti Suzuki's authorised share capital has increased by ?15,000 crore, the automaker said in its regulatory filing.
The merger brings Suzuki Motor Gujarat—previously a wholly owned subsidiary—fully under Maruti Suzuki India, marking a major structural consolidation for the company.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....