Tata Motors Acquisition Worth ₹2,726 Cr
Tata Motors' subsidiary reached 96.25% of Iveco Group via a reopened tender. Payment at EUR 14.40 per share is due 13 November 2026, followed by a squeeze-out.
- Value
- ₹2,726 Cr
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Tata Motors' subsidiary reached 96.25% of Iveco Group via a reopened tender. Payment at EUR 14.40 per share is due 13 November 2026, followed by a squeeze-out.
Tata Motors' subsidiary reached about 96.29% of Iveco Group's shares in a reopened tender offer. Tendered shares worth ₹2,794.69 Crore are payable November 13, 2026.
Tata Motors' subsidiary's Iveco tender offer reached 89.42% shareholding, satisfying the threshold condition. Provisional tendered value is EUR 3.43 billion; payment is due 30 October 2026.
Tata Motors is increasing its voluntary tender offer price for Iveco Group N.V. to Euro 14.40, with a new maximum aggregate disbursement of Euro 3,905,501,760.
Tata Motors' subsidiary, TML Smart City Mobility Solutions, acquired Mateshwari E-Smart Mobility for Rs.0.02 Crore. The acquisition supports electric bus operations in Telangana.
Tata Motors' subsidiary, TML Smart City Mobility Solutions, acquired a 26% stake in Mateshwari E-Smart Mobility for ₹2.60 Lakh to operate electric buses.