India, April 28 -- Sumitomo Corporation hereby announces that it has reached an agreement to transfer its stakes in SML Isuzu Limited (Head Office: India; Managing Director and Chief Executive Officer: Yasushi Nishikawa; hereinafter "SML-I"), a company that manufactures and sells trucks and buses in India. Sumitomo Corporation holds 43.96% shareholding in SML-I ("Sumitomo Corporation's Stake"). Sumitomo Corporation's Stake will be transferred to Mahindra & Mahindra Limited ( "M&M") which is a flagship company of the Mahindra Group. In a separate agreement, M&M has also agreed to purchase additional 15.00% shareholding in SML-I from Isuzu Motors Ltd. (Head Office: Yokohama, Kanagawa; President & COO: Shinsuke Minami). The transfer of stakes ...