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Tata Motors raises bid to acquire Italian firm Iveco Group in Rs 38,000 crore deal
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News18•11-10-2026, 06:47
Tata Motors raises bid to acquire Italian firm Iveco Group in Rs 38,000 crore deal
- •Tata Motors has increased its bid to acquire Italian truck maker Iveco Group N.V. by raising the offer to 14.40 euros per share.
- •The total deal is valued at approximately Rs 38,240 crore (3.8 billion euros) to acquire all Iveco businesses excluding its defense unit.
- •The offer window runs until October 26, 2026, and the board of directors of Iveco has unanimously supported the proposed acquisition.
- •The revised offer price is 33.47 percent higher than Iveco share price recorded on July 17, 2025.
Key Questions Answered
Tata Motors increased its acquisition bid for the Italian truck manufacturer Iveco Group N.V. from 14.10 euros to 14.40 euros per share, bringing the potential deal value to approximately Rs 38,000 crore (3.8 billion euros).
The acceptance period and offer deadline for Tata Motors' voluntary tender offer run from September 7 to October 26, 2026, with Iveco shareholders scheduled to vote on the proposals during an extraordinary general meeting on October 16.
Tata Motors decided to raise its offer price by 0.30 euros per share—making it 33.47 percent higher than Iveco's share price on July 17, 2025—because obtaining the necessary prior regulatory approvals is taking longer than initially estimated.
