SML Mahindra hits upper circuit on ₹525 crore acquisition approval
after close1 source ↓written by the desknot a recommendation
- after hitting
- ₹4,566
- following board approval
- 20% upper circuit
- acquisition of Mahindra
- ₹525 crore
- to close
- 31 Jan 2027
- sold in FY26
- 14,832 vehicles
SML Mahindra Ltd. shares surged to ₹4,566 after hitting the 20% upper circuit following board approval for the ₹525 crore acquisition of Mahindra & Mahindra's Truck and Bus Division. The deal aims to consolidate commercial vehicle operations within the Mahindra Group and is expected to close by 31 Jan 2027.
Key Points:
• Acquisition includes revenue of ₹2,989 crore and 14,832 vehicles sold in FY26.
• Transaction subject to shareholder approval and customary conditions.
Not investment advice. For informational purposes only.