9.35 (0.26%) Mahindra & Mahindra (M&M) has received Competition Commission of India’s (CCI) approval for acquisition of a nearly 59 per cent stake in commercial vehicle maker SML Isuzu for Rs 555 crore.
This acquisition is aligned with the company's capital allocation strategy for investing in high-potential growth areas which have a strong right to win and have demonstrated operational excellence.
Mahindra & Mahindra is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.