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

29 Apr 2025 CW Team

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

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..