Mahindra & Mahindra: Driving Towards SML Isuzu's Promoter Stake!

Mahindra & Mahindra (M&M) has dismissed rumors of its possible acquisition of the whole promoter holding in SML Isuzu, saying it does not want to comment on market gossip. The company is said to be considering an offer worth between ₹1,400 and ₹1,500 a share, and a board meeting is expected this week to consider the proposal. This acquisition, if concluded, would strengthen M&M's portfolio in the commercial vehicle segment, especially trucks and buses.

 

Key Points:

 

M&M is negotiating to buy the entire promoter holding in SML Isuzu.

 

Deal valuation is placed at ₹1,400–1,500 per share.

 

The takeover will consolidate M&M's leadership in the commercial vehicle segment.

 

M&M has refused to comment on the rumors.

 

SML Isuzu shares appreciated more than 5% on the news.

 

Source: Business Upturn, CNBC TV18