Maruti Suzuki India to acquire 12.09% stake in Sociograph Solutions Pvt Ltd

Maruti Suzuki India Limited (MSIL) has agreed to acquire an equity stake of 12.09% in Sociograph Solutions Private Limited (SSPL).

SSPL is an artificial intelligence (AI) software company that specializes in a visual AI platform predominantly used to help enterprises improve sales experiences and improve efficiency in their business. SSPL works with leading enterprises in different verticals, delivering quantifiable Return on Investments by improving business metrics.

The investment would help MSIL to strengthen its offering to customers by creating a customized sales experiences on the web, virtual reality and augmented reality.

Shares of Maruti Suzuki India Limited was last trading in BSE at Rs. 7896.20 as compared to the previous close of Rs. 7587.20. The total number of shares traded during the day was 50990 in over 10719 trades.

The stock hit an intraday high of Rs. 7955.00 and intraday low of 7749.00. The net turnover during the day was Rs. 402196128.00.

Source : Equity Bulls

Keywords

MarutiSuzukiIndia INE585B01010 StakeAcquisition SociographSolutions VisualAIPlatform