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An update from Sml Isuzu Limited ( (IN:SMLISUZU) ) is now available.
SML Isuzu Limited announced that its Board of Directors has approved two significant share purchase agreements involving the transfer of shares from Sumitomo Corporation and Isuzu Motors Limited to Mahindra & Mahindra Limited. These transactions, which involve the acquisition of a combined 58.96% of the company’s equity share capital, are subject to customary conditions, including approval from the Competition Commission of India. The transactions are expected to lead to an open offer to public shareholders, potentially impacting the company’s ownership structure and market positioning.
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 producing a 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 detailed information about SMLISUZU stock, go to TipRanks’ Stock Analysis page.