New Delhi, Jan 16: In a bid to accelerate the process of public offer in auto giant Maruti Udyog (MUL), officials of Disinvestment Ministry and Suzuki Motor Corporation on Wednesday met merchant bankers and are understood to have decided to file the prospectus before market regulator SEBI by next month. SMC and Ministry officials, representing the two sides in the joint venture, also decided to meet on a weekly basis to ensure that public issue for divestment of government's 25 per cent of the 45 per cent equity was completed by March 2003.

Immediately after emerging from the meeting SMC representative and Director Marketing and Sales in MUL K Saito said "we had a good meeting and we (SMC) are totally cooperating." He, however, declined to comment on the target for completion of IPO through book building route.
Asked if they had come for discussion and finalisation of prospectus for the public issue, another SMC representative S Nakanishi, accompanied by MUL Managing Director Jagdeesh Khattar, said "yes... something of that kind."
Disinvestment Secretary Pradeep Baijal, who along with Heavy Industry Secretary Naresh Narad was representing government during the meeting with investor bankers, said "we have decided to meet on a weekly basis to monitor the progress. We will strive to complete the public issue by targeted March 31." Bureau Report