Sml Isuzu Limited ( (IN:SMLISUZU) ) has provided an update.
SML Isuzu Limited announced the outcome of its Board Meeting, revealing that Mahindra & Mahindra Limited will acquire a significant stake in the company through two share purchase agreements. The transactions involve acquiring shares from Sumitomo Corporation and Isuzu Motors Limited, amounting to 58.96% of the company’s equity. This acquisition requires Mahindra & Mahindra to make an open offer to public shareholders, potentially impacting the company’s market dynamics and stakeholder interests.
More about Sml Isuzu Limited
SML Isuzu Limited operates in the automotive industry, focusing on the manufacturing and sale of commercial vehicles. The company is known for its range of trucks and buses, catering primarily to the Indian market.
YTD Price Performance: 19.57%
Average Trading Volume: 3,649
Current Market Cap: 25.57B INR
For a thorough assessment of SMLISUZU stock, go to TipRanks’ Stock Analysis page.