Maruti plans to seek approval for Gujarat plant

Shares of Maruti Suzuki, India has planned to seek minority shareholder approval in order to set up a plant in Gujarat as a unit of Suzuki Motor Corp, after the proposed move drew opposition from the company's leading institutional investors.

Maruti also stated ,'Even though not required by law, the board has taken this decision as a measure of good corporate governance, to seek minority shareholders' approval,'