Mahindra & Mahindra Ltd (M&M) on Saturday said it has completed the acquisition of a 58.96% controlling stake in commercial vehicle maker SML Isuzu Ltd from Japan’s Sumitomo Corporation and Isuzu Motors for Rs 555 crore.Following the buyout, the company has been renamed ‘SML Mahindra Ltd’, M&M said in a statement. The reconstituted board will…
Mahindra & Mahindra: महिंद्रा एंड महिंद्रा लिमिटेड ने शनिवार को एसएमएल इसुजु लिमिटेड (एसएमएल) में 58.96 परसेंट हिस्सेदारी खरीदने की जानकारी दी. कंपनी इस हिस्सेदारी की खरीद 650 रुपये प्रति शेयर के हिसाब से करेगी. यह सौदा 555 करोड़ रुपये का होगा. इसके अलावा, M&M सेबी अधिग्रहण के नियमों के तहत एक खुली पेशकश भी…
NEW DELHI: Mahindra & Mahindra Ltd on Saturday said it has entered into an agreement to acquire almost 59% stake in heavy-vehicle maker SML Isuzu (SML) at Rs 650 per share, which will entail an outlay of Rs 555 crore.As part of the transaction, M&M would acquire the entire stake of nearly 44% held by…