Shares of SML Isuzu rose nearly 5.21% to ₹1,738.00 in Monday’s session after reports suggested that Mahindra & Mahindra (M&M) is in talks to acquire the entire promoter stake in the commercial vehicle manufacturer. The stock saw a sharp intraday move, hitting a high of ₹1,787 before settling higher from the previous close of ₹1,651.90.
According to sources cited by CNBC-Awaaz, M&M is evaluating a deal at a valuation of ₹1,400–1,500 per share. The company’s board is reportedly expected to meet this week to assess the proposal. If concluded, the acquisition would help M&M strengthen its footprint in the trucks and buses segment—a space where SML Isuzu has a longstanding presence.
M&M, however, has declined to comment on the market speculation, while SML Isuzu has not yet responded to queries. The market reaction reflects investor optimism around the potential synergies and strategic expansion this move could unlock.
Shares of M&M were also in focus recently after the company announced a price hike of up to 3% for its SUVs and commercial vehicles effective April 1, citing rising input and commodity costs.
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