Mahindra & Mahindra Limited has Submitted to the Exchange a copy Disclosure under Regulation 18(6) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (Takeover Regulations).
SMLMAH · price
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Mahindra & Mahindra (M&M) has completed the acquisition of 85,33,053 equity shares, representing 58.96% of SML Isuzu Limited, at Rs. 650 per share through off-market deals on 1st August 2025. M&M bought 43.96% from Sumitomo Corporation and 15% from Isuzu Motors Limited, pursuant to share purchase agreements signed on 26th April 2025 and amended on 29th July 2025. M&M went from holding zero shares to becoming the majority shareholder of SML Isuzu. The disclosure is filed under Regulation 18(6) of the SEBI Takeover Regulations, indicating this acquisition happened during the open offer period. M&M had been named as the acquirer in the detailed public statement dated 5th May 2025, confirming the open offer process is underway.
M&M gains majority control of SML Isuzu, boosting its commercial vehicle business. For SML Isuzu shareholders, this signals a change in ownership and an expected open offer to buy additional shares from public shareholders, which could provide an exit opportunity and trigger stock price re-rating.