New Delhi, June 17: The government may retain a part of the oversubscription to its public offering of shares in the country's largest carmaker, Maruti Udyog Ltd, a top disinvestment ministry official said on Tuesday. The government is reducing its stake to 20.8 per cent from 45.8 per cent through the issue, but it has the option of retaining an oversubscription of up to 10 per cent of the offer.

"We will take a decision soon," the Indian official, who declined to be identified, told reporters.
Japan's Suzuki Motor Corporation, the majority owner in Maruti with a 54.2 per cent stake, has underwritten the entire offer, in which the final price per share will be determined through competitive bidding from a floor of Rs115 ($2.5).
But the issue, which opened on June 12 and closes on June 19, has already been oversubscribed more than four times, according to the Bombay Stock Exchange's Web site. Bureau Report