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.
- News Source Indiatimes (Click to view full news): CLICK HERE
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