मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
M&M Acquires 58.96% Stake in SML Isuzu for ₹555 Crore
The New Indian Express Thiruvananthapuram
|April 27, 2025
HOMEGROWN automaker Mahindra & Mahindra (M&M) will acquire a 58.96% stake in SML Isuzu for ₹555 crore at ₹650 per share—a 63% discount to the latter's closing price of ₹1,789 on Friday.
The deal values SML Isuzu, which had a market capitalization of ₹2,557 crore at the end of last week, at a significant discount.
As part of the transaction, M&M would acquire the entire stake of 43.96% held by Sumitomo Corporation, promoter of SML, and separately also acquire 15% stake held by Isuzu Motors Ltd, public shareholder of SML. M&M would launch a mandatory open offer for the acquisition of up to 26% stake from eligible public shareholders of SML in accordance with the SEBI Takeover Regulations.
यह कहानी The New Indian Express Thiruvananthapuram के April 27, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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