Tata Motors Completes Iveco Group Tender Offer Settlement

Tata Motors announced the completion of the initial settlement for its tender offer for Iveco Group. TML CV Holdings B.V., an indirect wholly owned subsidiary, acquired 89.42% equity stake in Iveco Group N.V. for a cash consideration of €14.4 per share. This acquisition makes Iveco Group an indirect subsidiary of Tata Motors, bringing together complementary product portfolios and capabilities to create a more diversified entity with a significant global presence. The settlement was completed on October 30, 2026. The company also announced changes to Iveco Group's board composition and corporate governance documents, and brought forward its Q3 financial results disclosure to November 3, 2026.