1 hr ago
Tata Motors Unit Raises Iveco Offer to €14.40 Per Share
A Tata Motors subsidiary wants to buy all the common shares of Iveco Group.
It has raised the amount it is offering for each share from €14.10 to €14.40.
The company says this is its best and final offer, so it will not raise it again.
If every share is offered, the total payment could be about ₹34,778 crore.
The higher offer adds about ₹724 crore to the possible total.
To help pay that extra amount, the subsidiary arranged a credit facility with MUFG Bank.
The offer was announced on October 9, 2026.
TML CV Holdings B.V., an indirect wholly owned Tata Motors subsidiary, raised its offer for all Iveco Group common shares from €14.10 to €14.40 each.
The revised price is described as the best and final offer and includes a €0.30 increase per share.
If all 27,215,400 shares are tendered, the maximum payout will be €3,905,501,760, approximately ₹34,778.02 crore.
The increase adds up to €81,364,620, approximately ₹724.31 crore, to the maximum outlay.
TML CV Holdings arranged an €850 million credit facility with MUFG Bank’s GIFT Branch to fund the additional payment.
- Who
- TML CV Holdings B.V., an indirect wholly owned subsidiary of Tata Motors, and Iveco Group shareholders.
- What
- TML CV Holdings raised its voluntary tender offer for Iveco Group common shares to €14.40 per share.
- Where
- The offer concerns common shares of Iveco Group N.V.; the financing agreement is with MUFG Bank Ltd., GIFT Branch.
- When
- October 9, 2026.
- Why
- The company raised its offer price and arranged financing to cover the additional payment to shareholders who tender their shares.
Offer terms
Shareholder decision
Revised price and finality
Offer terms
TML CV Holdings says €14.40 per share is its best and final offer and will not be increased further.
Shareholder decision
Iveco Group shareholders may decide whether to tender their shares at the revised price; the article does not report their response.
Key facts
- New offer price
- €14.40 per common share, including a €0.30 increase
- Previous offer price
- €14.10 per common share
- Offer status
- Declared the best and final offer; the company said it will not be increased further
- Maximum shares covered
- 27,215,400 common shares
- Revised maximum outlay
- €3,905,501,760, approximately ₹34,778.02 crore
- Increase in maximum outlay
- €81,364,620, approximately ₹724.31 crore
- Credit facility
- €850 million from MUFG Bank Ltd., GIFT Branch, to fund the additional price
- Premiums cited
- 6.77% over the July 29, 2025 official share price; 33.47% over the July 17, 2025 price; and 26.87%–67.98% over specified one-, three-, six- and twelve-month averages
Sources
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