Tata Motors Limited — Important, 31-07-2025: Updates

Tata Motors, through TML CV, has launched an all-cash tender offer to acquire all 271.2 million common shares of Iveco Group for Euro 14.10 per share. This offer, totaling over Euro 3.75 billion, aims to delist Iveco from Euronext Milan. The acquisition seeks to create a combined global player, leveraging complementary portfolios and accelerating long-term strategic goals. Iveco's board expresses strong approval for the offer, and major shareholder Exor N.V. (27.06% stake) has pledged to tender its shares. The deal is contingent on Iveco's Defence Business disposal and various regulatory clearances.