The company's board is likely to meet tomorrow after facing stiff resistance from private sector mutual funds and insurance companies that own almost seven percent of the company, for its decision to allow Suzuki to make cars for the Indian car-maker at a proposed plant in Gujarat instead of manufacturing vehicles itself.
The Maruti Suzuki Union has agreed to shift the company's casual workers from Haryana to Gujarat plant after it demanded that the company use Haryana's temporary workforce, instead of local recruits for the plant.
The Union hopes that the board will approve to regularise around 4,000 causal workers once they move to Gujarat.
The company's board is likely to meet tomorrow after facing stiff resistance from private sector mutual funds and insurance companies that own almost seven percent of the company, for its decision to allow Suzuki to make cars for the Indian car-maker at a proposed plant in Gujarat instead of manufacturing vehicles itself.
Also read: DIIs plan to seek FII support on Maruti deal
Domestic institutional investors are mulling to move the Company Law Board (CLB) on the deal. A final decision with regard to drumming up support of Foreign Institutional Investors (FIIs) as well as moving the Company Law Board will be taken only after the outcome of Maruti Suzuki's board meeting tomorrow is known.
(With inputs from PTI)
Maruti Suzuki stock price
On March 14, 2014, Maruti Suzuki India closed at Rs 1737.10, down Rs 9.6, or 0.55 percent. The 52-week high of the share was Rs 1864.00 and the 52-week low was Rs 1217.00.
The company's trailing 12-month (TTM) EPS was at Rs 106.68 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 16.28. The latest book value of the company is Rs 615.03 per share. At current value, the price-to-book value of the company is 2.82.
Anda sedang membaca artikel tentang
Maruti's Union moves 4000 casual workers to Guj plant
Dengan url
https://citraasa.blogspot.com/2014/03/marutis-union-moves-4000-casual-workers.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Maruti's Union moves 4000 casual workers to Guj plant
namun jangan lupa untuk meletakkan link
Maruti's Union moves 4000 casual workers to Guj plant
sebagai sumbernya
0 komentar:
Posting Komentar