SML Mahindra Board Approves ₹525 Crore Mahindra Truck and Bus Acquisition

Board approved acquisition of Mahindra Truck & Bus Division from M&M on slump sale basis for Rs 525 Cr, consolidating Mahindra Group's CV businesses under SML. Creates a unified portfolio across light, intermediate, heavy trucks and buses. Expected to close by Jan 2027, subject to shareholder approval.