Auto deal cleared: CCI approves Mahindra’s Rs 555‑cr purchase of 59 % in SML Isuzu, open offer for 26 % stake next
The Competition Commission of India (CCI) on Tuesday approved Mahindra & Mahindra’s proposal to acquire 58.96 % of commercial‑vehicle maker SML Isuzu for Rs 555 crore, clearing the way for a wider takeover bid under Sebi rules.“The proposed combination relates to acquisition of SML Isuzu Ltd (Target) by Mahindra and Mahindra Ltd (acquirer),” CCI said…
