Tata Motors Ltd (TMCV) — Buyback / Redemption | 5 September 2026 (2 announcements)

Tata Motors announced through its subsidiary TML CV Holdings B.V. that it has published the offer document for a voluntary totalitarian tender offer targeting all common shares of Iveco Group N.V. The acceptance period runs from 7 September 2026 to 26 October 2026, with payment scheduled for 30 October 2026 if no extension occurs. The offer price is €14.10 per share (cum dividend), and the offer is subject to regulatory approvals in Italy and the U.S. Forward-looking statements are included, with risks highlighted. The filing emphasizes compliance with SEBI, Consob, and U.S. securities regulations, and restricts distribution outside Italy and the U.S.

Tata Motors announced a recommended all-cash tender offer to acquire all common shares of Iveco Group at EUR 14.10 per share, valuing the company at approximately EUR 3.82 billion. The offer, running from 7 September to 26 October 2026, includes an EGM on 16 October for shareholder approval. Exor, Iveco's largest shareholder, committed to tender its 27.06% stake and support the transaction. The transaction aims to create a global commercial vehicle leader with combined annual sales of over 590,000 units and EUR 21 billion revenue. Full regulatory clearances have been secured, and financing of up to EUR 3.825 billion is in place. Upon completion, Iveco would become a privately held subsidiary, with plans for delisting from Euronext Milan.