Mahindra & Mahindra Ltd. has announced its strategic move to acquire approximately 59% stake in SML Isuzu for Rs 555 crore, purchasing shares at Rs 650 each. This acquisition includes Sumitomo ...

Mahindra will acquire Japan-based Sumitomo Corp's 43.96 per cent stake in SML Isuzu, along with Isuzu Motors' 15 per cent stake New Delhi: In a strategic move to strengthen its foothold in the I ...

The price fixed for the open offer of SML Isuzu by M&M is at ₹1,554 per share, a 13% discount to Friday's closing price. M&M over the weekend announced that it has entered into an agreement to ...

Under the agreement, M&M will acquire the 43.96% stake held by Sumitomo Corporation and a 15% stake held by Isuzu Motors Ltd, a public shareholder in SML. Mahindra & Mahindra Ltd (M&M) has ...

Mahindra & Mahindra Ltd on Saturday announced that it has agreed to acquire a 58.96% stake in SML Isuzu Ltd (SML) at Rs 650 per share, which is an outlay of Rs 555 crore. In addition, M&M will ...

Mahindra & Mahindra (M&M) on Saturday announced plans to acquire a 58.96% stake in SML Isuzu for Rs 555 crore. The move aims to expand its footprint in the commercial vehicle space. As part of the ...

Shares of heavy vehicle maker SML Isuzu Ltd. crashed to the 10 percent lower circuit upon opening for trade on April 28, after auto giant Mahindra & Mahindra Ltd. (M&M) announced it would acquire ...

Mahindra & Mahindra Ltd. (M&M) said it has entered into an agreement to acquire 58.96% stake in SML Isuzu Ltd. (SML) at ₹650 per share, which is an outlay of ₹555 crore. In addition ...

As part of the transaction, the Mumbai-based automaker would acquire the entire stake of 43.96 per cent held by Sumitomo Corporation, promoter of SML, and separately acquire a 15 per cent stake ...

India's Mahindra & Mahindra, known for its muscular SUVs and tractors, said on Saturday it had entered into a deal to buy a 58.96% stake in SML Isuzu for 5.55 billion rupees ($65.00 million) to ...

Dr Anish Shah, Group CEO & MD of the Mahindra Group, said, "The acquisition of SML Isuzu marks a significant milestone in Mahindra Group's vision of delivering 5x growth in our emerging businesses.

NEW DELHI :India's Mahindra & Mahindra, known for its muscular SUVs and tractors, said on Saturday it had entered into a deal to buy a 58.96 per cent stake in SML Isuzu for 5.55 billion rupees ($ ...