Mahindra & Mahindra to Acquire 26% Stake in SML Isuzu for INR 1554.60 per Share

SML Isuzu Ltd has received a detailed public statement (DPS) regarding an open offer made by Mahindra & Mahindra Limited to acquire up to 37,62,628 fully paid-up equity shares of SML Isuzu, representing 26.00% of the Voting Share Capital. The open offer is made at a price of INR 1554.60 per equity share. The public announcement was made on April 26, 2025, and the detailed public statement was published on May 5, 2025, in various newspapers including Financial Express, Jansatta, Ajit, and Navshakti.