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Mahindra Acquires Majority Stake in SML Isuzu, Set to Rebrand as SML Mahindra

Mahindra & Mahindra Ltd (M&M) has acquired a 58.96 percent stake in SML Isuzu Ltd (SML) from Japan's Sumitomo Corporation and Isuzu Motors Limited. The acquisition, valued at INR 555 crore at INR 650 ...
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Mahindra-SML deal: M&M acquires 58.96% in SML Isuzu for Rs 555 crore, renames it SML Mahindra

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 ...