Regulatory Approval - Mahindra & Mahindra Ltd

Code BSE: 500520 NSE:

Mahindra & Mahindra Ltd has received an intimation , that the Competition Competition Commission of India has, vide its letter dated 17th June 2025, unconditionally approved the Proposed Acquisition and the Open Offer under Section 31(1) of the Competition Act, 2002. FOR A) Acquisition of: (i) 63,62,306 equity shares constituting 43.96% of the equity share capital of SML Isuzu Limaited from Sumitomo Corporation, a promoter of SML; and (ii) 21,70,747 equity shares constituting 15.00% of the equity share capital of SML from Isuzu Motors Limited, a public shareholder of SML, (“Proposed Acquisition”); and B) Making an open offer for acquisition of upto 37,62,628 equity shares constituting 26.00% of the equity share capital of SML, at a price of Rs. 1,554.60/- per equity share, from the eligible public shareholders of SML, in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“Open Offer”)