SML Isuzu Limited — Important, 13-05-2025: General Updates

Mahindra & Mahindra has announced a board meeting on the open offer to acquire 26% stake in SML Isuzu at ₹1,554.60 per share, following its agreement to buy 58.96% from Sumitomo and Isuzu at ₹650 per share. Post-acquisition, Mahindra will become the promoter, with Sumitomo and Isuzu exiting. The deal is supported by firm financial arrangements totaling ₹635 Cr, including ₹133.5 Cr in escrow. This move aims to strengthen Mahindra’s commercial vehicle segment via operational synergies and increased market presence.