Tata Motors to buy Italian Iveco in one of its biggest-ever acquisitions

Tata Motors CVH provisionally cleared the minimum threshold to buy Italian commercial vehicle maker Iveco Group after its offer received acceptances for 238.16 million Iveco shares priced at €14.40 each. These represent 87.81% of Iveco's share capital. The overall takeover offer, valued at €3.91 billion (around ₹42,500 crore), could mark one of Tata Motors' biggest-ever automotive acquisitions.