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Mahindra likely in talks to buy Sumitomo's entire stake in SML Isuzu https://t.co/5929mZun6g
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Mahindra & Mahindra (M&M) is reportedly in advanced discussions to acquire the entire 44% stake held by Japan's Sumitomo Corporation in SML Isuzu. The proposed valuation for the acquisition is between ₹1,400 and ₹1,500 per share. M&M's board is expected to meet this week to evaluate the proposal. Following the news, M&M's stock declined by over 1%, while SML Isuzu's shares surged nearly 6%. The acquisition aims to enhance M&M's portfolio in the commercial vehicle sector, specifically in trucks and buses.
