M&M shares rise after SML Isuzu acquisition, open offer announcement; catch latest details here
M&M-SML Isuzu Deal News: Mahindra & Mahindra (M&M) shares jumped on Monday after the auto giant announced the acquisition of a 43.96 per cent stake in SML Isuzu Ltd from Sumitomo Corporation for Rs 413.55 crore in cash. Sumitomo Corporation is a promoter of SML Isuzu Ltd. The deal is subject to necessary approvals from stakeholders including shareholders and regulators. M&M…