Auto deal cleared: CCI approves Mahindra’s Rs 555‑cr purchase...

Dununu.com Dununu

Sponsored

Auto deal cleared: CCI approves Mahindra’s Rs 555‑cr purchase of 59 % in SML Isuzu, open offer for 26 % stake next

RSS Feed Business

Posted

75

The Competition Commission of India (CCI) has approved Mahindra & Mahindra's proposal to acquire a 58.96% stake in commercial vehicle manufacturer SML Isuzu for ₹555 crore. This acquisition involves purchasing Sumitomo Corp's 43.96% stake and Isuzu Motors' 15% stake. Mahindra will now launch an open offer for an additional 26% stake, aligning with SEBI's takeover regulations.

Read Full Article

Please log in to like, share and comment!

Sangram Singh and Payal Rohatgi are planning for surrogacy

Wrestler and actor Sangram Singh recently shut down rumours of divorce with wife Payal Rohatgi as...

By 0 6

Today’s News in a Nutshell

KATHMANDU: Khabarhub brings you a glimpse of major developments of the day in Nepal, including...

By 0 9

In the US, 7 in 10 girls say college is key to jobs and life success, new poll shows

By 0 12

Did Ranveer have a fall out with Bhansali due to Love And War?

Ranveer Singh and Sanjay Leela Bhansali, known for their blockbuster collaborations, are...

By 0 16

Valiant Jadeja matches Sourav Ganguly's feat at Lord's

Ravindra Jadeja displayed resilience at Lord's. He scored a crucial fifty against England....

By 0 18