Daijiworld Media Network – New Delhi

New Delhi, Sep 4: Tata Motors on Friday said Italy’s market regulator Consob has approved the offer document for its voluntary tender offer to acquire all common shares of Iveco Group NV.

The acceptance period for Iveco shareholders will begin on September 7 and continue until October 26, unless extended, the company said in a regulatory filing.

Under the offer, Tata Motors will pay €14.10 per common share of Iveco Group, including dividend. TML CV Holdings BV, an indirect subsidiary of Tata Motors, received Consob’s approval for the offer document on September 3.

Shareholders who tender their shares during the acceptance period will receive payment on October 30, unless the offer period is extended.

Subject to the fulfilment of legal conditions, the acceptance period will reopen for five trading days from November 2 to 6, with payment scheduled for November 13.

The detailed offer document, containing the terms of the transaction and procedures for accepting the offer, will be published and disseminated through modalities to be announced by the company in a subsequent press release.

The offer will be launched in Italy and extended to shareholders in the United States in accordance with applicable securities regulations.

Tata Motors clarified that the acceptance period has not yet commenced and that the current announcement is for information purposes only and does not constitute an offer to purchase or a solicitation to sell securities.

Tata Motors had announced its decision to promote the offer through TML CV Holdings Pte. Ltd. in July 2025.