NEW DELHI — India, moves towards finalizing the privatization of automaker Maruti Udyog Ltd., valuing the automaker at Rp60.72 billion (US$1.3 billion). The state, as part of a two-step program to sell its share in the ailing carmaker, finalized a rights issue of 1.98 million shares, 15% of the company's worth. Maruti is jointly owned by the state and Suzuki Motors Corp., each of which holds a 50% stake. The government says it will not buy any of the new shares. Rather, the shares will ...
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