Nov
25th
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Proxy advisory firm Stakeholders Empowerment Services (SES) has termed the proposed contract manufacturing deal between Maruti Suzuki and parent Suzuki Motor as favourable to the minority shareholder of the Indian carmaker in contrast to Institutional Investor Advisory Services (IiAS) which recommended its clients to vote against the proposal, under which a wholly owned unit of the Japanese automaker would produce cars and supply to Maruti.