Ashok Leyland nears majority stake deal in SML Isuzu; Bullish momentum ahead?
Announcement Expected Soon; Board Meeting and Investor Call Scheduled for March 26
India’s second-largest commercial vehicle manufacturer, Ashok Leyland, is reportedly in advanced talks to acquire a majority stake in SML Isuzu Limited. Sources indicate that negotiations are progressing with Japan’s Sumitomo Corporation and Isuzu, and a formal announcement could be made soon.
Sumitomo currently holds about 44% of SML Isuzu, while Isuzu owns 15%. Together, their stakes are valued at approximately ₹1,350 crore. Reports suggest that Ashok Leyland may offer a 10-15% premium over SML Isuzu’s three-month average stock price.
The company has scheduled a board meeting on March 26, followed by a conference call with investors at 5:15 PM to discuss key corporate updates.
On March 25, SML Isuzu’s stock closed at ₹1,606 per share, with a market capitalization of over ₹2,300 crore.
While emails sent to Ashok Leyland and SML Isuzu remained unanswered, updates will follow if the companies respond.
This could mark one of Ashok Leyland’s biggest acquisitions in recent years, potentially reshaping India’s commercial vehicle market.
