New Delhi, Aug. 2 -- Mahindra & Mahindra Ltd. (M&M) have acquired 58.96 per cent stake in SML Isuzu Ltd. (SML) from Sumitomo Corporation, Japan and Isuzu Motors Limited, the company said in a statement on Saturday.

As part of the transaction, M&M would also launch a mandatory open offer for acquisition of up to 26 per cent stake from eligible public shareholders of SML in accordance with the SEBI Takeover Regulations.

Consequent to the above, the Board of Directors of SML has been reconstituted. The board of Directors of SML has appointed Vinod Sahay, President - Aerospace & Defence, Trucks, Buses & CE - Mahindra Group, as Executive Chairman of SML Isuzu, effective August 3, 2025.

Dr Venkat Srinivas has been appointed as the Executive ...