Maruti board to discuss merging of subsidiaries

The country’s largest car maker Maruti Suzuki India Wednesday said it will consider amalgamation of the company’s seven wholly owned subsidiaries with itself at the upcoming board meeting.

Written by PTI | New Delhi | Published: April 25, 2013 1:44 am

The country’s largest car maker Maruti Suzuki India Wednesday said it will consider amalgamation of the company’s seven wholly owned subsidiaries with itself at the upcoming board meeting.

In a filing to the BSE,the company said the board,in its meeting scheduled to be held on April 26,2013,shall consider the proposal of amalgamation. The seven subsidiaries,which are engaged in different businesses are Maruti Insurance Business Agency,Maruti Insurance Agency Services,Maruti Insurance Distribution Services,Maruti Insurance Agency Logistics,Maruti Insurance Agency Solutions,Maruti Insurance Agency Network and Maruti Insurance Broker.

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