Announced Wed, 29 Jul · 13:59 IST
M&M board approves sale of Truck and Bus Division to SML Mahindra for Rs 525 crore
Listed Co AcquisitionCore Business DivestedStrategic Transactions View source PDFExplain this filing
M&M · price
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+0.5%1-day move
₹3279.00
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₹3216.50
base price
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AI summary
M&M board approved selling its Truck and Bus Division to subsidiary SML Mahindra on slump sale basis for Rs 525 crore, subject to working capital adjustments. MTBD had Rs 2,989 crore revenue in FY26 (about 2% of M&M total). Deal to close by January 2027. M&M will continue manufacturing Mahindra trucks and buses under contract. Move consolidates Mahindra Group truck and bus operations under one listed entity, SML Mahindra.
Likely market impact
Divests a small segment (about 2% of revenue) to subsidiary, simplifying structure. M&M shareholding unchanged. May impact SML Mahindra more directly.