Tata Motors Unit Raises Iveco Group Tender Offer To €14.40 Per Share, total Outlay ₹34,778 crore
Mumbai: TML CV Holdings B.V., an indirect wholly owned subsidiary of Tata Motors Limited , on October 9, 2026, announced an increase in its voluntary totalitarian tender offer for all common shares of Iveco Group N.V. The offer price has been raised from €14.10 to €14.40 (cum dividend) per common share, representing a cash increase of €0.30 per share. Offer Price Details The new offer price of…
Tata Motors' Tata Motors Unit has raised its voluntary tender offer for Iveco Group N.V. common shares to €14.40 per share, up from the previous offer of €14.10 (including dividends). This price boost of €0.30 per share represents a cash increase and a 6.77% premium over Iveco Group's official share price on July 29, 2025. The offer price is the company's final offer and will not be increased further.
If all 27,12,15,400 common shares are tendered, the total outlay could reach approximately ₹34,778.02 crore, a €8,13,64,620 (or around ₹724.31 crore) increase. To finance the revised offer, Tata Motors entered into a credit facility agreement with MUFG Bank Ltd., GIFT Branch, lending €8,50,00,000 (approximately ₹756.66 crore). The new offer price includes a premium compared to the July 17, 2025, official share price, ranging from 26.87% to 67.98% over the volume-weighted arithmetic averages for one to twelve months prior to the "Undisturbed Date."
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