SML Mahindra Ltd.’s board approves the acquisition of the Mahindra Truck and Bus Division, according to multiple reports. The company will acquire the division through a slump sale, consolidating truck and bus manufacturing under SML Mahindra to create a unified business entity for these vehicles. The consideration is reported as ₹525 crore. Following the announcement, SML Mahindra shares rally sharply: one report states the stock rises about 20% to ₹4,565.50 on the BSE, while another notes the shares jump approximately 20% after the board clears the deal. The reports describe the transaction as a structural integration that brings the truck and bus operations into a single company rather than splitting them across separate entities. The approvals and pricing are the central items across outlets, while market reaction is reflected consistently in the share-movement figures cited.