SML Mahindra Hits 20% Upper Circuit on M&M Restructuring

SML Mahindra shares surged 20% after Mahindra & Mahindra approved the sale of its truck and bus business to the company for Rs 525 crore. The slump sale transfers assets, employees, licenses, and liabilities, consolidating Mahindra Group’s commercial vehicle operations under a single listed entity to improve scale and efficiency. $SMLMAH