Mahindra Mahindra Ltd (M&M)
Please refer the enclosed file.
Mahindra & Mahindra Ltd has completed acquisition of 58.96% stake in SML Isuzu Ltd by purchasing 63.62 lakh shares (43.96%) from Sumitomo Corp and 21.71 lakh shares (15%) from Isuzu. SML Isuzu is now a listed subsidiary of Mahindra. The acquisition strengthens Mahindra's position in trucks and buses segment, aiming to increase market share from 3% to 10-12% by FY31 and 20%+ by FY36. The transaction is subject to SEBI and Competition Commission approvals.
Source: Original filing PDF
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🚨 M&M — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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