Acquisitions1 Aug 2025, 10:11 pm
SML Isuzu: Mahindra & Mahindra Acquires 58.96% Share Capital, Changes Name to SML Mahindra Limited
AI Summary
SML Isuzu Ltd has announced that Mahindra & Mahindra (M&M) has acquired 58.96% of the share capital of the company. This acquisition was carried out through the execution of a share purchase agreement between Sumitomo Corporation, M&M, and the company, and another agreement between Isuzu, M&M, and the company. The underlying transactions under both agreements have been consummated on 1st August, 2025. Following the acquisition, M&M has been classified as a 'promoter' of the company. The company has also approved a change of name to SML Mahindra Limited, subject to approval from the Registrar of Companies and Members of the Company.
Key Highlights
- Mahindra & Mahindra acquires 58.96% share capital of SML Isuzu Ltd
- Acquisition carried out through share purchase agreements with Sumitomo Corporation and Isuzu
- M&M classified as 'promoter' of the company following acquisition
- Company approves change of name to SML Mahindra Limited
- Name change subject to approval from Registrar of Companies and Members of the Company