Bangkok, June 21: Disinvestment minister Arun Shourie today said the government had decided to accept bids for its 25% stake in the country's largest car maker, Maruti Udyog Limited, at 125 rupees per share.
Shourie said the government would mop up Rs 993 crore in the process.

The USD 180 million initial public offering, which Shourie said was a milestone in India's often-criticized privatisation programme was oversubscribed 10 times, exhibiting the confidence of retail investors in the car maker.
Maruti Udyog has 56% share of India's Rs 200 billion a year car industry. Shourie, who is in Bangkok, told reporters in an ongoing video conference that the government has decided to reward retail investors with higher stake in the IPO than earlier earmarked.
Retail investors will 60% of the total 79 million shares on offer. Funds and those individuals bidding for more than 1,000 shares will get the rest. The government also decided to retain the 10 per cent over subscription as a result of which the total sale of equity would be 7.94 crore shares. Bureau Report