Mumbai, July 09: The Maruti Udyog Ltd`s (MUL) scrip was today listed at Rs 157 on the Stock Exchange, Mumbai (BSE). MUL managing director Jagdish Khattar rang the ceremonial gong on the BSE and the first deal was executed for one share at Rs 157, BSE spokesperson said.
BSE spokesperson said the current price was quoted at Rs 163.50 and 6,100 shares were traded within minutes of listing. The securities of MUL were admitted for dealings on BSE in the list of specified securities (A group).
The public offering, through which Union government offloaded its 7.94 crore MUL shares, was oversubscribed 8.92 times of the total value of the issue. The Centre has announced a price of Rs 125 for each share of Rs five and mopped up Rs 993 crore. The floor price for the issue was set at Rs 115 per share on the basis of underwriting given by Suzuki Motor Corporation, joint venture partner in MUL. Bureau Report