Maruti Suzuki Clarifies on stake hike by parent

Maruti Suzuki India Ltd has clarified with reference to a news article, that it is in no position to comment on the contents of the 'Article' in question as the matter has never been placed before the board of directors of the Company.

The Company had given this clarification after the Exchange had sought it from Maruti Suzuki India Ltd with respect to a news report in a Financial daily about "Maruti surges on buzz parent may hike its stake".

Shares of Maruti Suzuki India Ltd was last trading in BSE at Rs.1799.55, up by Rs.24.95 or 1.41%. The stock hit an intraday high of Rs.1806 and intraday low of Rs.1762.

The total traded quantity was 0.67 lakh shares as compared to 2 week average of 0.97 lakh shares.

Source : Equity Bulls

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