Leading car manufacturer Maruti Udyog Ltd has said it has bought Suzuki Motor Corporation’s 30 per cent stake in the joint venture Maruti Suzuki Automobile India Ltd (MSAIL) for Rs 12 crore, taking its total stake in MSAIL to 100 per cent.

MUL, which earlier held a 70 per cent stake in MSAIL, has acquired 12 lakh shares of Rs 100 each of the company from Japan’s Suzuki Motor, thereby making it a wholly owned subsidiary, it informed the National Stock Exchange.