SML can purchase M&M stake in Isuzu. According to information received from sources, talks are going on between the two companies for this. Giving complete information about this super exclusive news, Yatin Mota said on CNBC-Markets that talks are going on about the purchase of M&M in SML Isuju. According to sources, M&M SML is planning to buy stake in Isuzu. M&M SML can purchase a promoter’s entire stake in Isuzu. Negotiations are going on to buy the entire stake of the promoter.
According to sources, the M&M board can consider this proposal this week. It is possible to evaluate ₹ 1400-₹ 1500 per share for this deal. This deal will help M&M expand the truck and bus area. There has been no response from SML Isuju on this news.
Sumitomo’s strategy
Let us tell you that Japanese company Sumitomo is a promoter of SML Isuju. Sumitomo wants to get out of low -profit businesses. The company wants to recover resources through share sales.
Emphasis on the field of M&M
On the other hand, M&M is focused on business expansion. The company plans to restructured its truck and bus business. M&M wants to expand its truck and bus business. The company is focusing on investment to expand its truck and bus business. The company has 51 percent market share in LCV.
Share in SML Isuju
If you look at the shareholding pattern of SML Isuju, Sumitomo has a 44 percent stake in it. At the same time, Isuju accounts for 15 percent. This means that the company’s promoter Sumitomo has 44 percent shares. At the same time, isuzu has a 15 percent stake as a non-propaganda. Isuju wants to get out of small and low -profit businesses.
