Mahindra & Mahindra in talks to buy stake in SML Isuzu
Mahindra & Mahindra is reportedly exploring the acquisition of SML Isuzu by purchasing the 43.96% stake held by Sumitomo Corporation. The move could boost M&M’s presence in the light commercial vehicle segment. While board discussions are expected soon, no official confirmation has been issued. SML Isuzu’s stock rose 3.09% following the news of the potential deal.