Completion of Acquisition of SML Isuzu Limited
As filed · Mahindra & Mahindra Limited has informed the Exchange about Completion of Acquisition of SML Isuzu Limited
What happened
FactMahindra & Mahindra Ltd. has completed the acquisition of 63,62,306 equity shares (43.96%) from Sumitomo Corp. and 21,70,747 equity shares (15.00%) from Isuzu Motors Limited, totaling 85,33,053 equity shares (58.96%) of SML. As a result, Mahindra & Mahindra has gained control of SML and is now classified as a 'promoter' of SML, which has become a listed subsidiary. The company will also proceed with an open offer for up to 37,62,628 equity shares (26.00%) from eligible…