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Suzuki To Hold At Least 26% In Mul After Ipo

S Ravindran V Phani Kumar  |  BUSINESS STANDARD 

The Suzuki group has given the government an undertaking to hold a minimum 26 per cent stake in Maruti Udyog after the initial public offering, as long as the government has a put option or till the revised joint venture agreement (RJVA) is valid.

A put option gives the government the right, but not the obligation, to sell its stake.

According to Maruti

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First Published: Tue, May 13 2003. 00:00 IST