India's SML Isuzu jumps to 4-1/2-month high on report Mahindra eyes shareholder stake

SML Mahindra

24/03/2025 07:41

** Shares of automaker SML Isuzu SMLI.NS rise as much as 8.2% to 1,787 rupees, their highest point since November 11

** Mahindra and Mahindra MAHM.NS is in talks to buy the entire stake of controlling shareholder in SMLI, and looking at a valuation of 1,400 rupees-1,500 rupees apiece, CNBC Awaaz reported, citing sources

** Sumitomo Corporation is the sole controlling shareholder of SMLI having a 43.96% stake in the co

** Stock on track for a fifth consecutive session of gains, if trend holds

** Stock witnesses its most active trading session since February 26, 2024, with more than 521,000 shares change hands, 11.4x of 30-day avg

** SMLI stock up 26%, YTD

 (Reporting by Ashish Chandra in Bengaluru)

 ((ashish.chandra@thomsonreuters.com (+91 7982114624))