Tata Motors Launches Tender Offer for IVECO Group Shares

Tata Motors Limited, through its subsidiary TML CV Holdings B.V., has launched a recommended all-cash voluntary total tender offer for all issued common shares of IVECO Group N.V. The offer price is EUR 14.1 per common share. The acceptance period runs from September 7, 2026, to October 26, 2026. The IVECO Group Board unanimously supports the offer. Exor N.V., the largest shareholder, has committed to tender its stake. The combined entity aims to create a global leader in commercial vehicles with combined revenues of approximately EUR 21 billion.