24/3/2025, 12:39:04 pm

M&M in talks to buy entire promoter stake in SML Isuzu

Mahindra & Mahindra is in talks to buy Sumitomo Corporation's 43.96% promoter stake in SML Isuzu, valuing shares between ₹1,400-₹1,500, a 11%-17% discount. The deal aims to expand M&M's presence in trucks and buses. M&M's board will meet this week to evaluate the proposal. Shares of M&M fell 1.8%, while SML Isuzu rose 1% and JBM Auto spiked 12%.