Business EconomyPosted at: Oct 27 2026 7:30PM


Tata Motors completes takeover of Italian truckmaker Iveco

Mumbai, Oct 27 (UNI) Tata Motors Ltd officially informed the stock exchange here on Tuesday that it secured nearly 88 per cent of the shares of Italian truckmaker Iveco.
The acquisition, which was first announced in July 2025, has an enterprise value of about USD 4.5 billion, according to the statement.
The transaction was completed after a 15-month process, after delays and resistance from some minority shareholders regarding the offer price.
Earlier, about 12 per cent of Iveco shareholders voted against resolutions related to the takeover deal, while 35 pc did not vote and around 53pc voted in favour of the takeover by Tata Motors.
The official statement mentioned that Iveco shareholders who did not tender their shares during the initial acceptance period will get another opportunity to participate in the open offer.
Subject to confirmation of the provisional results and fulfilment of the remaining conditions, the acceptance period will reopen for five trading days from November 2 to November 6, subject to confirmation of the provisional results and fulfilment of the remaining conditions.
Shareholders tendering their shares during this window will receive payment on November 13, the statement mentioned.
Reopening of the share tendering process follows the adoption of a resolution at Iveco's extraordinary general meeting (EGM) on October 16, which reduced the minimum shareholding threshold for the offer from 95 pc to 80pc of the company’s issued and outstanding common share capital on a fully diluted basis, excluding treasury shares.
The provisional acceptance level of 87.81pc exceeds this revised threshold.
The offeror stated that the remaining conditions, including whether any outstanding conditions have been fulfilled or waived, will be addressed in the final results announcement.
Commenting on the development on October 23, Tata Motors Managing Director and CEO Girish Wagh had maintained that the revised €14.40-per-share offer was its “best and final” proposal.
On that date, the acceptance stood at 35pc, with Tata Motors expecting a substantial number of Iveco shareholders to tender their shares closer to the deadline.
UNI BA RSA
Tags: #Tata Motors completes takeover of Italian truckmaker Iveco
More News

OPPO unveils flagship Find X10 series at Rs 1 40 lakh, Pro Max at Rs 2 lakh

28 Oct 2026 | 1:56 PM

Bengaluru, Oct 28 (UNI) OPPO on Wednesday unveiled its premium Find X10 smartphone series, betting on a triple 200-megapixel camera system, an 8,000mAh battery and AI-powered features to strengthen its position in the high-end smartphone market, with the top-end Find X10 Pro Max priced at Rs 1,99,999.

see more..

REC declares interim dividend of Rs 3 50 per share for FY27

28 Oct 2026 | 1:22 PM

New Delhi, Oct 28 (UNI) State-owned REC Ltd has declared a second interim dividend of Rs 3.50 per equity share for the financial year 2026-27, the company said in a regulatory filing.

see more..

BharathCloud to recruit 500-plus employees, set up network operations centre in Hyderabad

27 Oct 2026 | 9:50 PM

Hyderabad, Oct 27 (UNI) Hyderabad-based BharathCloud, a sovereign AI cloud services provider, plans to recruit more than 500 employees and establish a Global Network Operations Centre (GNOC) as part of its expansion with a new office at Mindspace IT Park in HITEC City, the company said on Tuesday.

see more..

AM Green, JERA sign Ppact for annual supply of 70,000 tonnes of green ammonia to Japan

27 Oct 2026 | 9:01 PM

Hyderabad, Oct 27 (UNI) Hyderabad-based AM Green and Japan's JERA Co. have signed a binding heads of agreement for the long-term supply of around 70,000 tonnes of green ammonia annually for five years, supporting India's clean energy exports and the decarbonisation of maritime transport.

see more..

Telangana's Singareni Seeks Odisha Support for Proposed Thermal Power Plant, Naini Mine Infra

27 Oct 2026 | 8:49 PM

Hyderabad, Oct 27 (UNI) Singareni Collieries Company Limited (SCCL) has sought Odisha government's support for land acquisition and infrastructure development for its proposed thermal power plant near the Naini coal mine, rehabilitation of displaced families and coal transportation facilities in Angul district (Odisha).

see more..