07-Nov-2026 00:32:35
TMCVAcquisition and merger
TATA MOTORS: DUTCH STEP-DOWN SUBSIDIARY'S IVECO TENDER REACHES 96.29% FOR EUR 263.65 MN
• TML CV Holdings B.V., indirect wholly owned subsidiary, received acceptances for 18,309,029 Iveco Group N.V. common shares in the reopening of terms, ~6.75% of share capital • Aggregate countervalue of EUR 263,650,017.60 at a price of EUR 14.40 per share (cum dividend), including the EUR 0.30 additional price • Offeror to hold 256,466,241 common shares, ~96.29% of Iveco's common share capital net of treasury shares, if provisional results are confirmed • Dutch legal squeeze-out to be commenced for remaining shares; Borsa Italiana to suspend trading and/or delist the shares • Payment date for reopening acceptances set for 13 November 2026
Tata Motors Limited
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