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Maruti business plan today

New Delhi, Feb. 2 (PTI): Suzuki Motor Corporation is understood to have sought time till February 3 to submit the business plan for Maruti Udyog Ltd which will enable the government to proceed with the proposed public offer in the car company this fiscal.

Suzuki Motor had earlier promised to submit the business plan for Maruti Udyog on January 31.

However, subsequently it sought additional three days time, official sources said.

The submission of the business plan is crucial as it would pave the way for drafting the prospectus for the ensuing initial public offer through which the government would divest 25 per cent of its 45 per cent equity in the joint venture.

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