Mahindra & Mahindra to acquire Sumitomo's stake in SML Isuzu at a valuation of over Rs 20 billion
Multinational business group Mahindra & Mahindra is likely to acquire the stake of Sumitomo Corp in heavy vehicle-maker SML Isuzu. The firm is likely to acquire 44% stakes with the offer expected to value the company at around Rs 20.26 billion.
As per updates, Mahindra's board is likely to meet this week to discuss the proposed deal.
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