Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1047 Sun. May 13, 2007  
   
Business


Remaining stake in Maruti sold


The Indian government said Thursday it sold its remaining 10.27 percent stake in the country's biggest carmaker, Maruti Udyog, at 797 rupees (19.9 dollars) a share, well above its floor price.

The sale fetched 23.68 billion rupees (575 million dollars) for the government from 36 bids that ranged between 765 and 850 rupees a share.