Toyota, Suzuki to acquire stake in each other, strengthen alliance https://ift.tt/30J4PSm

Japanese auto majors Toyota Motor Corporation and Suzuki Motor Corporation on Wednesday said they will acquire stake in each other as they seek to strengthen their alliance. As part of a capital alliance agreement, Toyota will acquire 2.4 crore shares of common stock in Suzuki (4.94 per cent stake) for 96 billion yen (over Rs 6,510 crore), while Suzuki plans to acquire shares in Toyota equivalent to 48 billion yen (around Rs 3,255 crore).
Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News
https://ift.tt/2UeSXFj