M&M share price in focus on agreement to acquire 58.96% stake in SML ISUZU for ?555 crore
Published on 28/04/2025 09:15 AM
M&M share Stock Market Today: M&M share price remains in focus on Monday as it announced signing an agreement to acquire 58.96% stake in SML ISUZU for ₹555 Crore to strengthen its presence in commercial vehicles segment. While Mahindra & Mahindra will be acquiring 43.96% stakes from Sumitomo Corp’s promoter, it will also launch an open offer in accordance with SEBI Takeover Regulations
Mahindra & Mahindra Ltd (M&M) over the weekend announced that it has entered into an agreement to acquire 58.96% stake in SML Isuzu Ltd. at ₹650 per share, which is an outlay of ₹555 crore.
For a total consideration of ₹555 crore, the Mumbai-based automaker will be acquiring the full 43.96 percent stake held by SML's promoter Sumitomo Corporation as well as a separate 15% stake held by SML's public shareholder Isuzu Motors Ltd. In addition and in line with the SEBI Takeover Regulations, M&M would also issue an obligatory open offer to acquire up to 26% of SML from eligible public shareholders.
M&M plans to strengthen its Commercial vehicles segment
With a current market share of 3% in the >3.5T CV category and 52% in the