NEW DELHI, Dec 21 (Reuters) - India's cabinet has approved selling the government's remaining 10.27 percent stake in car maker Maruti Udyog Ltd. , Finance Minister Palaniappan Chidambaram said on Thursday.
Maruti is 54.2 percent owned by Japan's Suzuki Motor Corp. .
The stake will be sold to banks and financial institutions and bids are expected soon, he said.