Mahindra & Mahindra Limited — Board Meeting, 26-04-2025: Outcome of Board Meeting

Mahindra & Mahindra Ltd has announced a board meeting outcome featuring significant strategic developments. The board approved the acquisition of 43.96% equity shares (63,62,306 shares) of SML Isuzu Ltd from Sumitomo Corporation for ₹413.55 crore and 15% (21,70,747 shares) from Isuzu Motors Ltd for ₹141.10 crore, both at a price of ₹650 per share. Additionally, Mahindra will launch a mandatory open offer for up to 26% of SML from public shareholders at ₹1,554.60 per share. This acquisition aims to bolster Mahindra's presence in the commercial vehicle segment, potentially increasing market share from 3% to 6%, with long-term goals of 10-12% by FY31.