SML Mahindra, a subsidiary of Mahindra & Mahindra, has reported a 40 per cent rise in August sales.
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SML Mahindra's board on Wednesday approved the acquisition of the Mahindra Truck and Bus Division from parent Mahindra & Mahindra.
Board approves Rs 525 crore acquisition of Mahindra Truck and Bus Division, bringing all commercial vehicle operations above 3.5 tonnes under one listed entity
SML Mahindra has a strong heritage and pan-India presence in the trucks & buses segment. The company has a market capitalisation of more than ₹6,600 crore.
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The selling pressure on the counter came after SML Mahindra released its Q4FY26 numbers on Monday, after market hours