BusinessPhoto: Business StandardTata Motors Acquires 89.42% Stake in Iveco, Buyout Ongoing
Tata Motors announced completion of its tender offer for Italian commercial vehicle maker Iveco Group, acquiring an 89.42% stake through its subsidiary TML CV Holdings B.V. The acquisition involved 238.16 million shares at €14.40 each. Minority shareholders opposing the valuation led Tata Motors to raise its offer from €14.10 to €14.40. The buyout continues with a reopened tender from November 2 to 6.
Business Standard·




