(a) whether the Government held discussions with the Suzuki Motors of Japan for sale of the Government equity held in Maruti Udyog Limited;
(b) if so, whether Suzuki Motors Limited has expressed its inability to buy the equity;
(c) if so, the reasons given by Suzuki Motors Limited for refusing to buy equity; and
(d) the manner in which the Government propose to proceed in the matter?
MINISTER OF STATE (INDEPENDENT CHARGE) OF THE DEPARTMENT OF DISINVESTMENT, MINISTER OF STATE IN THE MINISTRIES OF PLANNING, STATISTICS & PROGRAMME IMPLEMENTATION AND MINISTER OF STATE IN THE DEPARTMENT OF ADMINISTRATIVE REFORMS AND PUBLIC GRIEVANCES (SHRI ARUN SHOURIE)
(a): Government have not held any formal discussions with Suzuki Motor Company Limited(SMC) as yet.
(b) and (c) Do not arise.
(d) The Government have decided, at this stage, to commence formal negotiations with Suzuki Motor Company Limited (SMC) on a proposal for offer of shares by Maruti Udyog Limited on a rights basis with renunciation option for the Government, which could be in favour of Indian Financial Institutions.