Suzuki Motor may raise holding in Maruti by 5%.

Byline: Roudra Bhattacharya

Purchase likely to be from open market

Suzuki Motor Corporation (SMC) is said to be considering buying up to 5 per cent of Maruti Suzuki shares from the open market.

The buyout plan, which has reportedly been delayed for many months on various counts, could increase Suzuki Motor's holding in the Indian carmaker to over 59 per cent.

The purchase is expected to take place through the "creeping acquisition" route over a year, sources in the merchant banking industry told Business Line.

'Good time to buy'

"This is a live deal right now so not many details are out. SMC is planning to buy 5 per cent of …