Tata Motors Subsidiary Increases Iveco Group Stake to 96.25%

Tata Motors Ltd announced that its indirect wholly-owned subsidiary, TML CV Holdings B.V., has successfully completed a voluntary tender offer for all common shares of Iveco Group N.V. During the reopening of the terms, 18,203,217 common shares were tendered, increasing the subsidiary's shareholding to approximately 96.25% of Iveco Group's common share capital, net of treasury shares. The total consideration for the shares tendered during the reopening period was EUR 262,126,324.80. Following this, TML CV Holdings B.V. will implement the Dutch legal squeeze-out procedure. The payment date for the completed reopening is set for November 13, 2026.