Mahindra to acquire 58.96% stake in SML Isuzu for INR 555 crore to strengthen position in the Trucks and Buses segment

Mahindra & Mahindra Ltd (” M&M”) today introduced that it has actually become part of an arrangement to get 58.96% risk in SML Isuzu Ltd. (” SML”) at INR 650 per share, which is an investment of INR 555 crore. On top of that, M&M will certainly make an open deal based on SEBI Requisition Laws. The recommended procurement is an action in the direction of developing a solid visibility in the greater than 3.5 T curriculum vitae section, where M&M has a 3% market share today, as contrasted to a 52% market share in the much less than 3.5 T LCV segm …

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