NCLT Clears First Motion In Maruti-Suzuki Gujarat Merger

The Delhi bench of the National Company Law Tribunal has approved the first motion application filed by Maruti Suzuki India Ltd. and its wholly owned subsidiary Suzuki Motor Gujarat Pvt. Ltd. for their proposed merger.

The tribunal waived the requirement to convene meetings of shareholders and creditors of both companies to approve the scheme, Maruti said in a filing.

Earlier, Maruti’s board had cleared the amalgamation of Suzuki Motor Gujarat with itself, saying the move would enable focused growth, operational efficiencies, and stronger business synergies.

Post-merger, the entire paid-up capital of Suzuki Motor Gujarat will be cancelled. Both companies are engaged in manufacturing and selling motor vehicles, components and spare parts.