Suzuki Motor Corporation now owns 55% stake in Maruti Suzuki, which has triggered speculation about the Japanese firm’s intentions of taking full control on its Indian subsidiary. As per the Indian rules and regulations relating to stake acquisition, a foreign company is allowed to increase its stake unto 5% each year. As such if the foreign company achieves a stake of 55% and beyond then it can make a direct offer for another 20%.
Suzuki’s website is yet to reflect the revised stake holding of its company and several emails sent to Suzuki by media persons remained unanswered. However, a person close to the company said that “Any change in the stake holding will only come up before the board at the statutory board meeting scheduled for the third week of April”.