SK Hynix Stock Soars as AI Memory Demand Outlook Fuels Chip Rally 
United Airlines Beats Q2 Earnings, Raises 2026 Profit Outlook Despite Higher Fuel Costs 
Genesis Minerals to Acquire Vault in A$5.6 Billion Deal After Regis Withdraws 
Taiwan Mangoes Head to Europe as Premium Fruit Exports Expand 
BHP Q4 Iron Ore Output Rebounds as Copper Prices Boost Revenue 
Eli Lilly Eyes AtaiBeckley Acquisition to Expand Psychedelic Mental Health Pipeline 
Volkswagen Launches €28,000 ID. Cross EV as Europe’s Electric Vehicle Demand Accelerates 
Stripe, Advent Offer Over $53 Billion to Acquire PayPal in Major Fintech Deal 
Hyundai Takes Full Control of Boston Dynamics to Accelerate Humanoid Robot and AI Strategy 
Nvidia Partners With Fanuc and Yaskawa to Accelerate AI Robotics in Japan 
ASML Raises 2026 Outlook as AI Chip Demand Lifts Q2 Earnings 
SEB Q2 Profit Rises on Strong Lending, Record Fee Income, Announces New Share Buyback 
Jamie Dimon Warns Anthropic's Mythos AI Poses National Security Risks 
Richemont Q1 Sales Beat Forecast as Cartier Demand Drives Strong Growth 
DBS Targets S$1 Trillion Wealth AUM by 2030 Amid Asia Wealth Boom 
Rio Tinto Reports Strong Q2 Iron Ore Sales, Maintains 2026 Production Outlook 
Alibaba Stock Jumps as China Approves Apple Intelligence Powered by Qwen AI 
Ashok Leyland Ltd. (NSE:ASOK) shares surged over 4% on Wednesday following reports that the company is nearing a full acquisition of SML Isuzu Ltd. (NSE:SMLI). According to MoneyControl, the deal is in advanced stages, with Ashok Leyland in talks to acquire the combined 59% stake currently held by Japan’s Sumitomo Corp. (TYO:8053) and Isuzu Motors.
Sumitomo holds about 44% in SML Isuzu, while Isuzu owns around 15%. The total stake is estimated to be worth approximately ₹1,350 crore. Reports suggest Ashok Leyland may offer a 10-15% premium over SML Isuzu’s three-month average stock price to finalize the acquisition.
At 11:30 AM IST, Ashok Leyland’s stock jumped 4.3% to ₹219, its highest level since March 3. SML Isuzu also saw gains, with shares trading 3.4% higher at ₹1,663.
The acquisition could significantly strengthen Ashok Leyland’s position in the commercial vehicle segment, allowing it to expand its portfolio and market share. SML Isuzu is known for manufacturing light and medium-duty trucks and buses, making it a strategic fit for Ashok Leyland’s growth ambitions.
A corporate update call has been scheduled for March 26, following a sudden board meeting, fueling further speculation about the imminent announcement of the deal.
This potential buyout aligns with Ashok Leyland’s long-term vision of enhancing its footprint in the Indian commercial vehicle industry and tapping into new growth avenues. Investors are closely watching the developments, as the acquisition could reshape the competitive landscape of the sector.
