Tata Motors shares steady as Iveco tender offer window opens today
The offer price is €14.10 per common share, cum dividend, valuing Iveco Group at approximately €3.82 billion
Tata Motors shares remained largely unchanged at ₹458.50 on the National Stock Exchange as the company's voluntary tender offer for Iveco Group commenced its acceptance phase. The stock opened at ₹459.00 and fluctuated between ₹456.00 and ₹461.90. With a traded volume of 14.68 lakh shares, the traded value amounted to around ₹67.40 crore.
The offer, which will run until October 26, 2026, is valued at approximately €3.82 billion. Exor N.V., Iveco's largest shareholder, has committed to tendering its stake. All necessary regulatory approvals have been secured.
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