SML Mahindra to Acquire Mahindra Truck and Bus Division for ₹525 Crore; Stock Jumps 20%

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29 July 2026 at 5:28 pm

SML Mahindra to Acquire Mahindra Truck and Bus Division for ₹525 Crore; Stock Jumps 20%

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Summary

SML Mahindra's Board has approved the acquisition of Mahindra Truck and Bus Division for ₹525 crore through a slump sale. Following this announcement, SML Mahindra's stock gained 20% to ₹4,565.50 on the BSE.

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