SML Mahindra shares hit 20% upper circuit for 2nd straight day: Here's why

SML Mahindra shares hit 20% upper circuit for the second consecutive day.

Mahindra & Mahindra will sell its truck and bus division to SML Mahindra for Rs 525 crore.

The transaction simplifies the Mahindra Group's commercial vehicle structure by consolidating operations under SML Mahindra.

The acquisition price was Rs 525 crore.