Tata Motors raises Iveco takeover offer price to 14.40 euro per share
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Tata Motors raised its takeover offer for Iveco Group NV to 14.40 euro per share.
- ✓The company said it increased the price by 0.30 euro due to authorization delays.
- ✓Tata Motors noted, "the Offeror has resolved to increase the price in consideration of the slight delay in the completion."
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Synopsis
Tata Motors Ltd has raised its takeover offer for Iveco Group NV by 0.30 euro per share. The revised price now stands at 14.40 euro per share, after initial delays in the authorization process. Shares will be tendered in a voluntary offer occurring from September to October 2026. The company has stated that this revised offer will not be increased further.
New Delhi: Tata Motors Ltd said it has increased the takeover offer price for Italian truck maker Iveco Group NV by 0.30 euro per share to 14.40 euro per share, citing delay in authorisation process.
In 2025, Tata Motors announced plans to acquire Iveco, excluding its defence business, for 3.8 billion euro (nearly Rs 38,240 crore) through TML CV Holdings Pte Ltd.
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The Economic Times
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