India, Aug. 5 -- Mahindra & Mahindra Ltd. (M&M) pursuant to the share purchase agreements dated 26th April 2025, have acquired 58.96% stake in SML Isuzu Ltd. (SML) from Sumitomo Corporation, Japan and Isuzu Motors Limited, Japan. As part of the transaction, M&M would also launch a mandatory open offer for acquisition of up to 26% 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 Mr. 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 Execu...