Mahindra & Mahindra Limited — JV/Acquisition, 29-07-2025: Acquisition

Mahindra & Mahindra is advancing its acquisition of SML Isuzu. M&M will acquire a 58.96% stake from Sumitomo Corp. and Isuzu Motors. An open offer for an additional 26.00% is priced at Rs. 1,554.60 per share, potentially raising M&M's total holding to 84.96%. Recent agreements solidify M&M's control, enabling appointment of key management and a potential name change for SML. This strategic move aims to strengthen M&M's position and product portfolio in the commercial vehicle sector.