Please refer enclosed file
Awaiting price reaction for this filing.
Mahindra & Mahindra has received unconditional approval from the Competition Commission of India (CCI) for its proposed acquisition of SML Isuzu Limited. The deal involves buying a 43.96% stake from Sumitomo Corporation (a promoter of SML) and a 15.00% stake from Isuzu Motors Limited, taking total stake acquisition to 58.96%. M&M will also launch an open offer for up to 26% additional equity at Rs. 1,554.60 per share from public shareholders, as required under SEBI takeover regulations. This follows the Board's earlier approval communicated on April 26, 2025. The CCI clearance removes a key regulatory hurdle, moving the transaction closer to completion.
This is a positive step for M&M shareholders as it clears a major regulatory milestone for the acquisition, bringing the company closer to consolidating SML Isuzu's commercial vehicle business. Completion should strengthen M&M's presence in the trucks and buses segment.