Tuesday, January 10 2006 14:41 Hrs (IST) - World Time -

New Delhi: The Government today (Jan 10, 2006) said it will completely exit Maruti Udyog Limited.

"We have offered to the Finance Ministry that it can sell 10.24 per cent stake in Maruti that will be left (after the current round of disinvestment). It is up to them to decide," Heavy Industry Minister Santosh Mohan Dev told sources here.

The process of sale of 8 per cent shares in the company by the Government has reached a final stage. The financial bids have been invited from the public sector financial institutions for the stake.

Tomorrow is the last date for submitting the bids. Bids will be opened on Thursday.

As many as 36 public sector financial institutions, including all the banks and insurance companies, have submitted expression of interest for the shares of Maruti.