Mahindra & Mahindra Ltd. has recently made a significant strategic announcement in the Indian automotive industry. The company has revealed its plans to acquire around 59% stake in SML Isuzu for a whopping Rs 555 crore. This acquisition deal involves purchasing shares at Rs 650 each and includes Sumitomo Corporation’s 44% stake along with Isuzu Motors’ 15% stake in SML Isuzu. This move by Mahindra & Mahindra Ltd. will trigger a mandatory open offer for public shareholders of SML Isuzu. The acquisition marks a crucial development in the Indian automotive sector and is expected to have a substantial impact on the market. Stay tuned for more updates on this latest acquisition deal.