Maruti deal set to be blowout success

The size of the Indian domestic privatization will be the biggest for eight years.

The government's long planned sale of a 25% stake in car manufacturer, Maruti is proving to be a success beyond most peoples previous reckoning. Only a couple of months ago there were many sceptics who felt the government would fail to sell the deal at the floor price it had set.

However, on the first day the book opened the deal was already 1.2 times subscribed. According to local bankers this is the first time in Indian capital...

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