M&M

Mahindra & Mahindra Ltd., a leading manufacturer of commercial and passenger vehicles, is reportedly in discussions to acquire the entire promoter stake in SML Isuzu Ltd., according to sources cited by CNBC Awaaz. The sources further revealed that M&M is considering a valuation of ₹1,400 to ₹1,500 per share for SML Isuzu, representing a discount of 11% to 17% from its current trading price. M&M’s board is expected to meet this week to assess the proposal, with the potential acquisition aimed at strengthening the company’s presence in the trucks and buses segment.