SML Mahindra Shares Hit 20% Upper Circuit After Acquisition

SML Mahindra shares surged by 20% today after announcing the acquisition of Mahindra & Mahindra's truck and bus division for ₹525 crore.

The deal involves the transfer of manufacturing assets and business operations, which were valued at approximately ₹2,989 crore by the parent company.

This strategic integration is expected to consolidate SML Mahindra's position in the commercial vehicle market and improve operational efficiency for the combined entity.