Mahindra & Mahindra Ltd (M&M) has announced that it will acquire a 58.96% stake in SML Isuzu Ltd (SML) for Rs 555 crore, marking a major move to strengthen its presence in the trucks and buses market.

Mahindra & Mahindra Ltd on Saturday announced that it has agreed to acquire a 58.96% stake in SML Isuzu Ltd (SML) at Rs 650 per share, which is an outlay of Rs 555 crore. In addition, M&M will ...