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The Economic Times

Business / The Economic Times

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Tata Motors rules out raising Iveco bid, calls 14.40 offer last and final

Tata Motors announced a final offer of 14.40 per share to acquire the Iveco Group. This revised bid came after a delay in regulatory approvals across several countries. The approval from minority shareholders was sought during an extraordinary general meeting. The offer is set to close on October 26, with settlement planned for October 30. Tata Motors plans to complete this acquisition by November, if all conditions are met.

23 Oct 2026 10:43 pm