M&M to Acquire 58.96% Stake in SML Isuzu; SML Shares Hit Lower Circuit

SML Isuzu shares crashed 10% after

Mahindra & Mahindra announced a Rs 555 crore deal to acquire a 58.96% stake at Rs 650 per share. M&M will also launch an open offer to boost its truck and bus market share from 3% to 6%, aiming for 12% by FY31.