Tata Motors Limited, through its indirect wholly-owned subsidiary TML CV Holdings B.V., has successfully acquired a 96.25% stake in Iveco Group N.V. This acquisition follows the completion of a voluntary totalitarian tender offer for all common shares of the Italian company, as disclosed under Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. The tender offer, which was coordinated by BNP Paribas’ Italian branch, saw 18,203,217 common shares tendered during the reopening of the terms, concluding on November 9, 2026.
The tender offer’s reopening period resulted in TML CV Holdings B.V. acquiring an additional 6.71% of Iveco’s common share capital. This acquisition, combined with previously tendered shares, brings Tata Motors’ total shareholding to 96.25%, excluding treasury shares. The payment for the shares tendered during this period is scheduled for November 13, 2026. The offer price was amended on October 9, 2026, to include an additional cash component of EUR 0.30 per share, bringing the total offer price to EUR 14.40 per share.
With the acquisition surpassing a 95% stake, Tata Motors intends to implement a Dutch legal squeeze-out to acquire the remaining shares of Iveco Group. This move aims to consolidate its ownership and potentially delist the company from the stock exchange. The detailed terms and timing of the squeeze-out will be communicated in due course, adhering to relevant legal and regulatory requirements.
The strategic acquisition of Iveco Group by Tata Motors is a significant move in the automotive sector, reflecting the company’s ambition to strengthen its position in the European market. Analysts suggest that this acquisition could enhance Tata Motors’ capabilities in commercial vehicles, aligning with its broader growth strategy. The market will be closely watching the developments related to the squeeze-out and the subsequent impact on Tata Motors’ operations and financial performance.
