The Economic Times

Tata Motors secures all regulatory approvals for 3.8 billion Iveco Group acquisition

Tata Motors has secured all necessary regulatory approvals for its acquisition. The company's subsidiary obtained prior authorisations under the sectoral regulatory framework. Final clearance came from the European Central Bank for financial services businesses. This key hurdle has now been cleared for the tender offer. The proposed acquisition of Iveco Group is valued at 3.8 billion.