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

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

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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.

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