💨 Abstract
Mahindra & Mahindra (M&M) has agreed to acquire a 58.96% stake in SML Isuzu Ltd for Rs 555 crore. This acquisition aims to strengthen M&M's presence in the 3.5T CV segment and double its market share in trucks and buses. SML Isuzu, a listed company, has a market-leading position in the ILCV Buses segment and profitable operations.
Courtesy: theprint.in
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