Tata Motors Gains 89.42% of Iveco After Tender Offer Settlement
Moody's reports Tata Motors completed the first tender settlement for Iveco Group, acquiring 89.42% at 14.40 euros per share in cash on 30 October 2026.
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what happened
Moody's reports that Tata Motors has closed the first stage of its tender offer for Iveco Group N.V., taking control of 89.42% of the Italian truck maker's share capital.
The settlement took place on 30 October 2026, and each share was bought for 14.40 euros in cash. The purchase was carried out by TML CV Holdings B.V., an indirect unit of Tata Motors, which acquired 238,157,212 shares net of treasury stock. Tata Motors filed the details under SEBI listing rules.
why it matters
Iveco now becomes an indirect subsidiary of Tata, which widens the Indian group's footprint in trucks, buses and powertrain technologies. Iveco's 2025 revenue was 13.43 billion euros, down from 14.42 billion a year earlier; the 2023 comparison includes its defence business, which sits outside the deal perimeter. For markets, this is mainly sector consolidation rather than a broad market event.
market impact
Iveco Group: control passes to Tata Motors through a fixed cash price per share.
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- Tata Motors Completes Iveco Acquisition, Secures 89.42% Stake — Moody's, 1 November 2026 at 02:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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