Indian privatisation got the thumbs-up from the capital markets when investors bid over 10 times the number of government shares offered for sale in Maruti, India’s biggest car-maker now controlled by Suzuki Motors.
Global and local investors bid up the price on Maruti shares from Rs115, the floor price of the IPO, to Rs125 when the offer closed on June 19. The government exercised a greenshoe option, increasing the number of shares sold by 10% to 27.5%
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