BSECompany Update1d ago · 4 Sept 2026, 12:13 am
Pursuant to Regulation 30 of SEBI LODR Regulations, 2015, we are enclosing here with a copy of the press release for your records, the contents of which are self explanatory.
Tata Motors Ltd · 544569
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Tata Motors Ltd has announced that its wholly-owned subsidiary, TML CV Holdings B.V., has received approval from Consob for a voluntary totalitarian tender offer for all common shares of Iveco Group N.V. The acceptance period for the offer will start on September 7, 2026, and end on October 26, 2026, unless extended.
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Tata Motors Ltd - 544569 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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BSE Limited National Stock Exchange of India Ltd.
First Floor, New Trading Ring Listing Compliance Department
Rotunda Building, P J Towers, Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Fort, Mumbai 400 001 Bandra (E), Mumbai 400 051
September 4, 2026
Sc no – 114
Dear Sirs/Madam,
Sub: Disclosure under Regulation 30 of the Securities Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations 2015 (‘SEBI Listing
Regulations’)
TML CV Holdings B.V., an Indirect Wholly Owned Subsidiary of Tata Motors Limited
(Formerly TML Commercial Vehicles Limited) (‘the Company’) – Voluntary Totalitarian
Tender Offer for all the common shares of Iveco Group N.V.
Pursuant to Regulation 30 of the SEBI Listing Regulations and with further reference to our letter
bearing sc no. 113 dated September 1, 2026, on the captioned subject matter, we wish to inform
you that TML CV Holdings Pte. Ltd., a wholly owned subsidiary of the Company, has informed
the Company that its wholly owned subsidiary, TML CV Holdings B.V., has today published a
communication confirming the approval of the Offer Document by CONSOB.
In this regard, please find enclosed herewith a Press Release issued pursuant to Article 36 of the
Regulation adopted by Consob with Resolution No. 11971 dated 14 May 1999, the contents of
which are self-explanatory.
The Italian version of the aforesaid Press Release is also enclosed herewith for reference.
This communication is for the information of the Exchanges and the Members.
Yours faithfully,
Tata Motors Limited
(Formerly TML Commercial Vehicles Limited)
Ranjan Kumar
General Counsel & Company Secretary
Encl: as above
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY
OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION
VOLUNTARY TOTALITARIAN TENDER OFFER FOR ALL OF THE COMMON SHARES OF
IVECO GROUP N.V.
* * *
PRESS RELEASE
pursuant to Article 36 of the Regulation adopted by Consob with resolution no. 11971 of 14
May 1999, as subsequently amended and supplemented (the “Issuer’s Regulation”)
APPROVAL OF THE OFFER DOCUMENT BY CONSOB
ACCEPTANCE PERIOD FROM 7 SEPTEMBER 2026 TO 26 OCTOBER 2026 (UNLESS
EXTENDED)
Amsterdam, 3 September 2026 – TML CV Holdings B.V. (the "Offeror"), a company wholly-owned
by TML CV Holdings Pte. Ltd. (“TML CV HS”), hereby announces that, on the date hereof, Consob,
by resolution no. 24119 of 3 September 2026, has approved, pursuant to Article 102, paragraph 4,
of the Italian Legislative Decree no. 58 of 24 February 1998, as further amended and supplemented
(the "CFA"), the offer document (the "Offer Document"), relating to the voluntary totalitarian tender
offer under Articles 102 et seq. of the CFA and Article 37 of the Issuer’s Regulation (the "Offer")
promoted by TML CV HS, through the Offeror, on all the common shares (the "Common Shares")
of Iveco Group N.V. ("IVG" or the "Issuer").
Pursuant to Article 40, paragraph 2, of the Issuers' Regulation, the acceptance period of the Offer,
agreed with Borsa Italiana S.p.A., will start at 8:30 a.m. (CE(S)T) on 7 September 2026 and will end
at 5:30 p.m. (CE(S)T) on 26 October 2026 (first and last day included) (the "Acceptance Period"),
unless extended.
The consideration relating to the Common Shares of the Issuer tendered to the Offer, equal to Euro
14.10 (cum dividend) per Common Share (the "Consideration"), will be paid by the Offeror to each
shareholder having accepted the Offer during the Acceptance Period on the fourth trading day
following the end of the Acceptance Period, i.e. – unless extended – on 30 October 2026 (the
"Payment Date").
If the legal requirements are met, pursuant to Article 40-bis, paragraph 1, lit. a), of the Issuers'
Regulation, the Acceptance Period will be reopened for five trading days (the "Reopening of the
Terms") starting from the trading day following the Payment Date and, therefore (unless the
Acceptance Period is extended) for the sessions of 2 November,3 November, 4 November, 5
November and 6 November 2026, from 8:30 a.m. (CE(S)T) to 5:30 p.m. (CE(S)T). The payment date
of the Consideration relating to the Common Shares tendered to the Offer during the potential
Reopening of the Terms will be the fifth trading day following the end of the Reopening of the Terms,
i.e. – unless the Acceptance Period is extended – on 13 November 2026.
The publication and the modalities of dissemination of the Offer Document, which will contain a
detailed description of the terms of the Offer and of the procedures for accepting it, will be the subject
of a subsequent press release pursuant to Article 38, paragraph 2, of the Issuers' Regulation.
For any further information regarding the Offer, pending publication of the Offer Document, unless
otherwise specifically stated, reference is made to the communication of 30 July 2025, by which TML
CV HS, pursuant to and for the purposes of Article 102, paragraph 1, of the CFA and Article 37 of
the Issuers' Regulation, informed Consob and disclosed to the market and to the Issuer its decision
to promote the Offer through the Offeror, published, on behalf of TML CV HS, on the website of Tata
Motors at (www.tatamotors.com) and on the website of the Issuer at (www.ivecogroup.com), which
sets forth the legal requirements, the terms and the essential elements of the Offer.
The Acceptance Period mentioned in this press release has not started yet and, therefore, this press
release is published for information purposes only and does not constitute an offer to buy, or a
solicitation to sell, securities.
* * *
The voluntary totalitarian tender offer referred to in this press release (the "Offer") is promoted by TML CV Holdings Pte.
Ltd. ("TML CV HS"), through TML CV Holdings B.V., a company wholly-owned by TML CV HS (the "Offeror") on all issued
common shares (the "Common Shares") of Iveco Group N.V. ("IVG" or the "Issuer"). This press release does not
constitute either a purchase offer or a solicitation to sell the Common Shares of IVG.
Prior to the beginning of the tender period of the Offer, the Offeror will publish an offer document (the "Offer Document"),
which IVG's shareholders must carefully review. The Offer is addressed, on equal conditions, to all the holders of the
Common Shares and will be launched in Italy and extended to the United States of America in compliance with Section
14(e) and Regulation 14E of the U.S. Securities Exchange Act of 1934 (the "U.S. Securities Exchange Act"), subject to
the applicable exemptions set forth in Rule 14d-1(d) of the U.S. Securities Exchange Act. Except as indicated below, the
Offer is subject to disclosure obligations and procedural requirements provided for by Italian law. US IVG shareholders
should be aware that such requirements may differ materially from those applicable under US domestic tender offer law
and practice.
In accordance with the laws of, and practice in, Italy and to the extent permitted by applicable law, including Rule 14e-5
under the U.S. Exchange Act, the Offeror, the Offeror's affiliates or any nominees or brokers of the foregoing (acting as
agents, or in a similar capacity, for IVG or any of its affiliates, as applicable) may from time to time, and other than pursuant
to the Offer, directly or indirectly, purchase, or arrange to purchase, outside of the United States of America, Common
Shares in IVG or any securities that are convertible into, exchangeable for or exercisable for such Common Shares in IVG
before or during the period in which the Offer remains open for acceptance. These purchases may occur either in the open
market at prevailing prices or in private transactions at negotiated prices. To the extent information about such purchases
or arrangements to purchase is made public in Italy, such information will be disclosed by means of a press release or
other means reasonably calculated to inform US shareholders of IV
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