Latest news with #SMLIsuzu
Time of India
3 days ago
- Automotive
- Time of India
CCI approves Mahindra's ₹555 crore acquisition of 59% stake in SML Isuzu
The Competition Commission of India (CCI) on Tuesday cleared Mahindra & Mahindra's proposed acquisition of a nearly 59 per cent stake in commercial vehicle maker SML Isuzu for ₹555 crore. Mahindra & Mahindra in April announced the acquisition of a 58.96 per cent stake in SML Isuzu for ₹555 crore. "The proposed combination relates to acquisition of SML Isuzu Ltd (Target) by Mahindra and Mahindra Limited (acquirer)," CCI said in a release. Mahindra & Mahindra is the flagship company of the Mahindra group. It is engaged in the automotive, farm equipment, agricultural products and services sector, etc. "CCI approves the proposed combination involving acquisition of SML Isuzu Ltd by Mahindra and Mahindra Ltd," the regulator said in a post on X. In April, the Mumbai-based automaker Mahindra & Mahindra said it would acquire the entire stake of 43.96 per cent held by Sumitomo Corporation, promoter of SML, and separately acquire a 15 per cent stake held by Isuzu Motors, public shareholder of SML, for an aggregate consideration of ₹555 crore. Besides, the automaker said that it will make an open offer to acquire a 26 per cent stake in SML Isuzu in accordance with Sebi takeover rules. This acquisition is aligned with the company's capital allocation strategy for investing in high-potential growth areas which have a strong right to win and have demonstrated operational excellence. Incorporated in 1983, SML Isuzu has a presence in the trucks and buses segment. Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.
Time of India
3 days ago
- Automotive
- Time of India
M&M shares in focus after CCI clears 59% stake acquisition in SML Isuzu; open offer to follow
Mahindra & Mahindra (M&M) shares will be in focus on Wednesday after the utility vehicle major received approval from the Competition Commission of India (CCI) to acquire a controlling 58.96% stake in SML Isuzu . The acquisition will be carried out in two tranches: 43.96% from the promoter, Sumitomo Corporation, and 15% from the public shareholder, Isuzu Motors Ltd. Following the deal, M&M will launch an open offer to acquire up to 26% of SML Isuzu's equity from public shareholders at Rs 1,554.60 per share, in line with SEBI's takeover norms. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like O novo Chevrolet Tracker é simplesmente perfeito com esses preços! Smartfinancetips Saiba Mais Undo The CCI granted its unconditional approval on June 17, 2025, under Section 31(1) of the Competition Act, 2002—clearing a key regulatory hurdle. M&M is now expected to proceed with the share purchases and the open offer process. With this acquisition, M&M aims to strengthen its presence in the commercial vehicle segment above 3.5 tonnes. The company currently holds a 3% market share in this category, which it expects to double to 6% post-acquisition. M&M is targeting a market share of 10–12% by FY31 and 20% by FY36, the company said in a statement. Live Events SML Isuzu, which holds a 16% share in the ILCV bus segment, reported operating revenue of Rs 2,196 crore and EBITDA of Rs 179 crore in FY24. Also Read: 10 midcap stocks with more than 20 buy Calls: Analysts see up to 25% upside M&M shares target price According to Trendlyne, the average target price for M&M stock is Rs 3,562—an 18% upside from current levels. Among the 37 analysts tracking the stock, the consensus rating is 'Strong Buy'. Technically, M&M's Relative Strength Index (RSI) stands at 48.4, indicating neutral momentum. The MACD is at 26.7—above the center line but below the signal line. M&M shares have gained 11% over the past three months and are up 114% in the last two years. The company's current market capitalisation is Rs 3,74,028 crore. Also Read: Street favourites! Analysts see these 10 smallcap stocks rallying 20-80% ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times
Time of India
4 days ago
- Automotive
- Time of India
Mahindra & Mahindra is the flagship company of the Mahindra group. It is engaged in the automotive, farm equipment, agricultural products and services sector, etc.
The Competition Commission of India (CCI) on Tuesday cleared Mahindra & Mahindra 's proposed acquisition of a nearly 59 per cent stake in commercial vehicle maker SML Isuzu for ₹555 crore. Mahindra & Mahindra in April announced the acquisition of a 58.96 per cent stake in SML Isuzu for ₹555 crore. "The proposed combination relates to acquisition of SML Isuzu Ltd (Target) by Mahindra and Mahindra Limited (acquirer)," CCI said in a release. Mahindra & Mahindra is the flagship company of the Mahindra group. It is engaged in the automotive, farm equipment, agricultural products and services sector, etc. "CCI approves the proposed combination involving acquisition of SML Isuzu Ltd by Mahindra and Mahindra Ltd," the regulator said in a post on X. In April, the Mumbai-based automaker Mahindra & Mahindra said it would acquire the entire stake of 43.96 per cent held by Sumitomo Corporation, promoter of SML, and separately acquire a 15 per cent stake held by Isuzu Motors, public shareholder of SML, for an aggregate consideration of ₹555 crore. Besides, the automaker said that it will make an open offer to acquire a 26 per cent stake in SML Isuzu in accordance with Sebi takeover rules. This acquisition is aligned with the company's capital allocation strategy for investing in high-potential growth areas which have a strong right to win and have demonstrated operational excellence. Incorporated in 1983, SML Isuzu has a presence in the trucks and buses segment. Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.
Time of India
4 days ago
- Business
- Time of India
CCI approves Delhivery's acquisition of Ecom, M&M-SML Isuzu deal
The Competition Commission of India (CCI) on Tuesday said it has cleared the acquisition of logistic firm Ecom Express by Delhivery and that of SML Isuzu by Mahindra and Mahindra (M&M). Delhivery, an integrated logistics player, will pick up at least 99.44% of the equity and preference shareholding (on a fully diluted basis) of its rival Ecom, according to a statement by the antitrust regulator. In April, Delhivery had announced the acquisition in an all-cash deal worth Rs 1,407 crore. Ecom provides logistics solutions mainly to the e-commerce industry. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Chuck Norris Begs Seniors: Avoid These 3 Foods Like The Plague Roundhouse Provisions Learn More Undo Delhivery provides a broad range of logistics services, including express parcel delivery, heavy goods delivery, full truckload freight, part-truckload freight, warehousing and supply chain services and cross border express services, the regulator said. It operates through a network of domestic and global partners and has made investments in automation, among other things. As for the acquisition of SML Isuzu by M&M, the regulator said the target is 'engaged in the business of manufacture and sale of commercial vehicles'. Live Events M&M had in April declared that it would acquire a 58.96% stake in SML Isuzu for Rs 555 crore. In addition, it will make an open offer in accordance with capital markets regulator Sebi's takeover regulations.
&w=3840&q=100)
Business Standard
4 days ago
- Automotive
- Business Standard
CCI okays Mahindra's proposal to buy 59% stake in SML Isuzu for ₹555 cr
The Competition Commission of India (CCI) on Tuesday cleared Mahindra & Mahindra's proposed acquisition of a nearly 59 per cent stake in commercial vehicle maker SML Isuzu for Rs 555 crore. Mahindra & Mahindra in April announced the acquisition of a 58.96 per cent stake in SML Isuzu for Rs 555 crore. "The proposed combination relates to acquisition of SML Isuzu Ltd (Target) by Mahindra and Mahindra Limited (acquirer)," CCI said in a release. Mahindra & Mahindra is the flagship company of the Mahindra group. It is engaged in the automotive, farm equipment, agricultural products and services sector, etc. "CCI approves the proposed combination involving acquisition of SML Isuzu Ltd by Mahindra and Mahindra Ltd," the regulator said in a post on X. In April, the Mumbai-based automaker Mahindra & Mahindra said it would acquire the entire stake of 43.96 per cent held by Sumitomo Corporation, promoter of SML, and separately acquire a 15 per cent stake held by Isuzu Motors, public shareholder of SML, for an aggregate consideration of Rs 555 crore. Besides, the automaker said that it will make an open offer to acquire a 26 per cent stake in SML Isuzu in accordance with Sebi takeover rules. This acquisition is aligned with the company's capital allocation strategy for investing in high-potential growth areas which have a strong right to win and have demonstrated operational excellence. Incorporated in 1983, SML Isuzu has a presence in the trucks and buses segment. Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.
