Tata Motors raises its Iveco offer to €14.40 a share and calls it final

What happened

• TML CV Holdings B.V. raised its offer for Iveco Group from €14.10 to €14.40 a share on 9 October and described the new price as its best and final, with no further increases planned, according to Angel One and Il Sole 24 Ore.
• The reason given was that approvals in some jurisdictions are taking longer than expected. TML CV Holdings said it still regards the earlier price as a full and fair valuation.
• If every Iveco share is tendered, the most Tata Motors' subsidiary would pay rises to about €3.91 billion. Il Sole 24 Ore put the increase at €81.36 million.
• To fund the extra amount, TML CV Holdings has signed a €85 million credit facility with MUFG Bank, per Angel One.
• Shareholders who have already tendered shares receive the higher price without resubmitting forms. All other offer terms are unchanged.

Why it matters

All other terms of the offer are unchanged, according to Il Sole 24 Ore.

Good to know: A tender offer is an open invitation to shareholders to sell their shares at a stated price. 'Best and final' means the bidder has said it will not raise the price again.

Key facts

Previous offer price

€14.10 a share

New offer price

€14.40 a share

Maximum total payout

About €3.91 billion

Extra funding

€85 million facility from MUFG Bank

Read the source

• Tata Motors share price in focus: raises Iveco Group offer to €14.40 per shareAngel One
• Iveco: Tata Motors raises its takeover bid to 14.4 euros per shareIl Sole 24 Ore

Tata Motors in the news before

1. 26 OCT 2026 · EVENING · RESULTSTata Motors' Q2 wholesales rise 42%; EBITDA margin slips 90 bps to 11.7%
2. 10 SEP 2026 · DEALS & FUNDINGSends notices to shareholders and creditors on its amalgamation scheme
3. 4 SEP 2026 · DEALS & FUNDINGLaunches a voluntary tender offer for all shares of Iveco Group