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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.
This story is from the April 27, 2025 edition of The New Indian Express Thiruvananthapuram.
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