The government fixed a floor price of Rs 760 a share for selling its remaining 10.27 per cent stake in the country's largest car maker, Maruti Udyog Ltd, a government official said on Wednesday. "We hope to complete the sale tomorrow," a government official, who wished not to be identified, told reporters.
Bidders will have to pledge Rs 100 million to take part in the sale.
Maruti, which is 54.2 per cent owned by Japan's largest minicar maker Suzuki Motor Corp, competes mainly with South Korea's Hyundai Motor Co and Tata Motors Ltd.
Shares of the company were down 0.56 per cent at Rs 796 at 0603 GMT in a Mumbai market that had fallen 0.62 per cent.
Bidders will have to pledge Rs 100 million to take part in the sale.
Maruti, which is 54.2 per cent owned by Japan's largest minicar maker Suzuki Motor Corp, competes mainly with South Korea's Hyundai Motor Co and Tata Motors Ltd.
Shares of the company were down 0.56 per cent at Rs 796 at 0603 GMT in a Mumbai market that had fallen 0.62 per cent.
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