Maruti Suzuki India gains NCLT nod for amalgamation with Suzuki Motor Gujarat
Published on 11/06/2025 08:18 PM
Maruti Suzuki India gains NCLT nod for amalgamation with Suzuki Motor GujaratThe NCLT order, dated June 10, dispensed with the need for meetings of equity shareholders, secured creditors, and unsecured creditors of both companies to consider and approve the scheme.By CNBCTV18June 11, 2025, 8:18:59 PM IST (Published)1 Min ReadThe National Company Law Tribunal (NCLT) Principal Bench in New Delhi approved the first motion application for the amalgamation of Suzuki Motor Gujarat Private Limited, a wholly owned subsidiary, into Maruti Suzuki India Limited on June 10, 2025, the company announced on Wednesday.
The NCLT order, dated June 10, dispensed with the need for meetings of equity shareholders, secured creditors, and unsecured creditors of both companies to consider and approve the scheme. Maruti Suzuki India Limited, listed on the National Stock Exchange (NSE) and BSE, informed the exchanges through a letter signed by Company Secretary Sanjeev Grover.
The amalgamation, with an appointed date of April 1, 2025, aims to consolidate operations, enhance business synergies, and reduce administrative costs. The scheme is expected to improve agility in decision-making and maximise shareholder value without affecting creditor rights, the company stated.
A copy of the NCLT order is available on the tribunal’s website, and the company has enclosed it with the notice to the exchanges for record purposes. (Reporting by Maruti Suzuki India Limited; editing by staff)Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsMaruti Suzukishare market today