Mahindra & mahindra: Mahindra & Mahindra Limited on Saturday informed about purchasing 58.96 percent stake in SML Isuzu Limited (SML). The company will purchase this stake at Rs 650 per share. The deal will be worth Rs 555 crore. Apart from this, M & M will also bring an open offer under SEBI acquisition rules. That is, an open offer will also be brought from the company.

Company increasing stake in heavy vehicle segment

This proposed acquisition is a step towards creating its strong presence in a commercial segment weighing more than 3.5 tonnes, where the market share of M&M is 3 %. On the other hand, M&M has a market share of 52 percent in the LCV segment weighing less than 3.5 tonnes. Mahindra & Mahindra has said that their share in the commercial segment weighing more than 3.5 tonnes will be doubled by this acquisition to 6 percent, which is planned to increase 10-12 percent by FY11 and more than 20 % by FY 36 by FY 36.

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