Tata Motors Limited has informed the Exchange regarding a press release dated August 19, 2025, titled "Filing of Offer document with CONSOB, Italy, by TML CV Holdings Pte. Ltd (Wholly Owned Subsidiary of the Company) in relation to the voluntary public tender offer, to be launched by TMLCVH, through its wholly owned subsidiary to be incorporated under the laws of the Netherlands, for all of the common shares of Iveco Group N.V."
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Tata Motors' wholly owned Singapore-based subsidiary, TML CV Holdings Pte. Ltd., has filed the offer document with Italy's securities regulator CONSOB for a voluntary public tender offer to acquire all 271,215,400 common shares of Iveco Group N.V. (IVG), which is listed on Euronext Milan. The offer price is set at Euro 14.10 per share (cum dividend, excluding any distributions from IVG's proposed Defence Business separation). The offer will be executed through a new wholly owned Dutch-incorporated subsidiary of TML CV Holdings. The launch of the offer remains subject to obtaining prior regulatory authorisations, after which the offer document will be published post-CONSOB review. This is a key step forward in Tata Motors' previously announced plan to acquire IVG, following the initial communication made on July 30, 2025.
This represents a major overseas acquisition move by Tata Motors in the commercial vehicle space, combining IVG's strong European presence with Tata's CV expertise. If completed, the deal will significantly expand Tata Motors' global footprint but involves substantial capital outflow. Shareholders should watch for regulatory clearances and the next step of opening the tender for acceptance, as successful completion would reshape Tata Motors' international CV business.