Epic Research Update : Maruti Suzuki

Company’s institutional investors raise fresh concerns

Investors ask board to quash Gujarat plant deal with Suzuki

Express several reservations regarding Suzuki Gujarat deal

Have given only in-principle approval so far

Awaiting finalisation of minutes of last board meeting

To discuss details of deal in board meet on March 15

Want more legal opinions, clarity on taxation issues

Want clarity on price fixation formula

Want clarity on royalty paid by Gujarat plant

Want no return on equity for Gujarat plant

Want no mark-up on cars sold by Gujarat plant

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Posted in: Indian Market Tips