Description

Mahindra & Mahindra Limited launches takeover offer for SML Isuzu Limited through NSE's web-based bidding platform from August 8-22, 2025.

Summary

Mahindra & Mahindra Limited has initiated a takeover offer for SML Isuzu Limited through NSE’s web-based bidding platform. The tender offer will run from August 8-22, 2025, targeting up to 37,62,628 equity shares at Rs. 1554.60 per share. All Capital Market segment trading members can participate using the existing IPO bidding platform.

Key Points

  • Acquirer: Mahindra & Mahindra Limited
  • Target Company: SML Isuzu Limited (Symbol: SMLISUZU)
  • Offer Price: Rs. 1554.60 per equity share
  • Maximum Shares: Up to 37,62,628 equity shares
  • Fixed price takeover offer with no modifications or cancellations allowed
  • Face Value: Rs. 10 per share, Lot size: 1 equity share
  • ISIN: INE294B01019

Regulatory Changes

The offer follows the Tender Offer Scheme as per Exchange circular NSE/CMTR/52776 dated June 29, 2022. Order modification for quantity or cancellation is not permitted for takeover offers.

Compliance Requirements

  • All Capital Market segment trading members eligible to participate
  • Members must use existing IPO bidding platform credentials
  • New members can access through admin terminal using Adminxxxxx format (where xxxxx is Member Code)
  • Merchant Banker: Kotak Mahindra Capital Company Limited
  • Registrar: MUFG Intime India Private Limited

Important Dates

  • Issue Period: August 8, 2025 to August 22, 2025
  • Bidding Time: 9:15 AM to 3:30 PM (daily)
  • Custodial Confirmation: 9:15 AM to 4:00 PM (issue closure day)
  • Platform URL: https://eipo.nseindia.com

Impact Assessment

This takeover offer represents a significant corporate action affecting SML Isuzu shareholders. The fixed price of Rs. 1554.60 per share indicates substantial premium consideration. The transaction involves multiple investor categories including FII, mutual funds, insurance companies, banks, and individual investors, making it a market-wide event with high visibility and participation potential.

Impact Justification

Major takeover offer affecting shareholders of SML Isuzu Limited with significant transaction value