New Delhi: India’s largest carmaker, Maruti Suzuki India Limited (MSIL), has completed its long-awaited merger with its wholly owned subsidiary, Suzuki Motor Gujarat (SMG), effective from Monday, December 1, marking a major step in the company’s corporate restructuring plan. The merger, which received final approval from the National Company Law Tribunal (NCLT), officially came into force today.
In a regulatory filing to the stock exchanges, Maruti Suzuki announced that the merger scheme between Maruti Suzuki India Limited and Suzuki Motor Gujarat has become effective following the submission of the NCLT’s certified order.As a result of the merger, MSIL’s authorised share capital has been increased by Rs 15,000 crore.
The company confirmed that SMG’s operations, assets, and liabilities now stand fully integrated into Maruti Suzuki India Limited, ending SMG’s separate legal existence.
