Tata Motors Acquisition Worth ₹41,638 Cr
Tata Motors announced a voluntary tender offer to acquire Iveco Group for approximately EUR 3.82 billion (approx. ₹41,638 Crore). This deal targets global leadership in commercial vehicles.
- Value
- ₹41,638 Cr
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Tata Motors announced a voluntary tender offer to acquire Iveco Group for approximately EUR 3.82 billion (approx. ₹41,638 Crore). This deal targets global leadership in commercial vehicles.
Tata Motors' subsidiary, TML CV Holdings B.V., has received all necessary regulatory approvals for its voluntary tender offer to acquire Iveco Group N.V. shares.
Tata Motors acquired an 18% stake in Freight Tiger for ₹95.66 Crore. Post-acquisition, it holds 63.6% ownership, integrating the logistics platform as a subsidiary.
Tata Motors incorporated Teesta Renewable Energy Private Limited as an associate SPV. The company holds 26% equity to support its captive renewable power requirements.