Mahindra & Mahindra Limited — JV/Acquisition, 17-06-2025: Acquisition

Mahindra & Mahindra is acquiring a 58.96% stake in SML Isuzu Limited by buying 43.96% from Sumitomo Corporation and 15% from Isuzu Motors at Rs 1,554.60 per share, with an open offer for an additional 26%. This deal significantly strengthens Mahindra’s commercial vehicle presence by deepening its partnership with Isuzu, aiming to enhance product offerings and market share in the truck segment. The acquisition is poised to boost Mahindra’s play in the medium and heavy commercial vehicle space, potentially driving revenue and operational scale.