+
Mahindra to Acquire 58.96% Stake in SML Isuzu for Rs 5.55 Bn
ECONOMY & POLICY

Mahindra to Acquire 58.96% Stake in SML Isuzu for Rs 5.55 Bn

Mahindra & Mahindra (M&M) announced plans to acquire a 58.96 per cent stake in SML Isuzu for Rs 5.55 billion by purchasing shares from Sumitomo Corporation and Isuzu Motors Ltd. The move aims to enhance Mahindra’s footprint in the commercial vehicle sector.

As part of the transaction, M&M will acquire 43.96 per cent from Sumitomo Corporation and an additional 15 per cent from Isuzu Motors Ltd. The company will also launch an open offer for a 26 per cent stake, in compliance with the Securities and Exchange Board of India (SEBI) Takeover Regulations.

The acquisition aligns with Mahindra Group’s vision of achieving five-fold growth in emerging businesses. Anish Shah, CEO and Managing Director of Mahindra Group, stated that the deal reinforces the group’s focus on high-potential sectors supported by operational excellence.

Rajesh Jejurikar, Executive Director and CEO of the Auto and Farm Sector, described the acquisition as a pivotal move towards becoming a full-range commercial vehicle provider. He highlighted synergies in platform consolidation, supplier networks, and plant utilisation.

Founded in 1983, SML Isuzu has a strong presence in the Indian truck and bus market. The acquisition is subject to approval from the Competition Commission of India and is expected to be completed within 2025.

Source:Financial Express Online 

Mahindra & Mahindra (M&M) announced plans to acquire a 58.96 per cent stake in SML Isuzu for Rs 5.55 billion by purchasing shares from Sumitomo Corporation and Isuzu Motors Ltd. The move aims to enhance Mahindra’s footprint in the commercial vehicle sector.As part of the transaction, M&M will acquire 43.96 per cent from Sumitomo Corporation and an additional 15 per cent from Isuzu Motors Ltd. The company will also launch an open offer for a 26 per cent stake, in compliance with the Securities and Exchange Board of India (SEBI) Takeover Regulations.The acquisition aligns with Mahindra Group’s vision of achieving five-fold growth in emerging businesses. Anish Shah, CEO and Managing Director of Mahindra Group, stated that the deal reinforces the group’s focus on high-potential sectors supported by operational excellence.Rajesh Jejurikar, Executive Director and CEO of the Auto and Farm Sector, described the acquisition as a pivotal move towards becoming a full-range commercial vehicle provider. He highlighted synergies in platform consolidation, supplier networks, and plant utilisation.Founded in 1983, SML Isuzu has a strong presence in the Indian truck and bus market. The acquisition is subject to approval from the Competition Commission of India and is expected to be completed within 2025.Source:Financial Express Online 

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code