BusinessPhoto: Business StandardTata Motors' Iveco Bid Surpasses 80% Acceptance Threshold
Tata Motors' takeover bid for Italian truck maker Iveco has crossed the critical 80% acceptance threshold, securing provisional acceptances for 87.81% of Iveco Group's share capital. This raises Tata Motors' stake in Iveco to 89.42%, facilitating its global expansion and entry into new product segments. The acquisition, announced in July last year, overcame several hurdles and was approved at an October 16 EGM.
Business Standard·




