Tata Motors raises Iveco takeover offer to 14.4 euro per share amid delays
Tata Motors Ltd said it has increased the takeover offer price for Italian truck maker Iveco Group NV by 0.30 euro per share to 14.40 euro per share, citing delay in authorisation process.
In 2025, Tata Motors announced plans to acquire Iveco, excluding its defence business, for 3.8 billion euro (nearly Rs 38,240 crore) through TML CV Holdings Pte Ltd.
The commercial vehicle major earlier offered 14.10 euro per share, valuing the transaction at 3.82 billion euro.
Tata Motors started an all-cash voluntary tender offer for all outstanding common shares of Iveco in September.
The acceptance period runs from September 7 to October 26, 2026, with Iveco Group shareholders scheduled to vote on related resolutions at an extraordinary general meeting on October 16.
Iveco Group's board of directors unanimously supported the deal and has recommended that shareholders tender their shares and vote in favour of the earlier offer.
While noting that the previous offer price already represented fu
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