Government Planning To Fully Exit From Maruti

The government has made up its mind to exit completely from Maruti Udyog Limited and has even initiated the process of selling its 10.24 % stake in the company.

Based on current market price of company's scrip on the stock exchanges, the government is likely to raise over Rs 2500 crore. The government stake in the company is held by Ministry of Heavy Industry.

As all divestment in public sector companies is off for now, sale of shares in erstwhile PSU Maruti will offer much-needed resources to the government.