M&M share price in focus on the agreement to acquire 58.96% stake in SML Isuzu for £ 555 Crore | Einsmark news

M&M share share market today: M&M share price remains in focus on Monday, as it has announced that an agreement is signed to obtain 58.96% in SML Isuzu for £ 555 to strengthen its presence in the segment of commercial vehicles. While Mahindra and Mahindra will acquire 43.96% stake of Sumitomo Corp’s promoter, it will also launch an open offer in accordance with the SEBI takeover regulations M&M agreement for the acquisition of the majority interest in SML Isuzu Mahindra & Mahindra Ltd (M&M) in the weekend 58.96%. Isuzu Ltd. at £ 650 a share, which is an £ 555 layout. For a total consideration of £ 555 crore, the Mumbai -based car manufacturer will acquire the full stake of 43.96 percent by SML’s promoter Sumitomo Corporation, as well as a separate 15% stake held by SML’s public shareholder Isuzu Motors LTD. of eligible public shareholders. M&M plans to strengthen its commercial vehicles segment with a current market share of 3% in the> 3.5T CV category and 52% in the