Suzuki acquires remaining stake in Suzuki Motorcycle India
December 17th, 2008 Leave a comment Visited 49 times, 1 so far today
Suzuki acquires remaining stake in Suzuki Motorcycle India
Market sources are claiming that Suzuki has acquiring the remaining stake in their joint venture company Suzuki Motorcycle India.
They acquired the remaining stake from its local partner Satya Sheel Khosla and family.
Sources say that the deal was completed few days ago but the company is not yet confirming it.
Sheel Khosla had this to say on the reports: “I would not like to make any comment at this stage.”
Suzuki is expected to confirm this deal in the coming days as soon as they complete all the formalities.
The company is working on spending Rs 150 crore more in the two-wheeler business.
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