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The Economic Times

Rounak Khare

SML Mahindra shares rally over 18% on acquisition of M&M’s truck division. What it means for shareholders?

Mahindra SML Mahindra SML MM JM Financial Mahindra group

Shares of SML Mahindra jumped over 18% to an intraday high of Rs 5,416 on the BSE on Thursday after the company completed the Rs 525 crore slump sale acquisition of Mahindra & Mahindra's Truck and Bus Division.

A slump sale refers to the transfer of an entire business undertaking as a going concern for a lumpsum consideration, rather than the sale of individual assets and liabilities separately.

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