BSECompany Update22h ago · 27 Oct 2026, 07:54 pm
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please find enclosed herewith the press release for your records, the contents of which are self explanatory.
Tata Motors Ltd · 544569
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Tata Motors Ltd's indirect wholly-owned subsidiary TML CV Holdings B.V. has completed a voluntary totalitarian tender offer for all common shares of Iveco Group N.V., reaching a shareholding of approximately 89.42%.
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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
October 27, 2026
Sc no – 147
Dear Sirs/Madam,
Sub: Disclosure under Regulation 30 of the Securities and 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 letters
bearing sc no. 113,114, 116, 131 and 139 dated September 1, 2026, September 4, 2026,
September 5, 2026, October 9, 2026, and October 27, 2026, respectively, 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 received the final results, communicated by BNP Paribas, Italian Branch, acting as the
Intermediary Responsible for Coordinating the Collection of the Acceptances. As of the date
hereof, 238,157,212 Common Shares have been tendered in acceptance to the Offer and
TML CV Holdings B.V. has reached a shareholding of 89.42% of the Issuer's common share
capital, net of the Treasury Shares. The final results set out above are unchanged from the
provisional results announced in the press release on the provisional results of the Offer
published on October 27, 2026.
Based on the final results of the Offer, the Threshold Condition and all the other Conditions to the
Offer have been satisfied. Accordingly, the Offer has become fully effective and unconditional.
A Press Release pertaining to the aforesaid matter is enclosed herewith as Annexure, content of
which is 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 sincerely,
For Tata Motors Limited
(Formerly TML Commercial Vehicles Limited)
Ranjan Kumar
General Counsel and 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 41, paragraph 6, of the Resolution no. 11971 of 14 May 1999, as further
amended and supplemented (the "Issuers' Regulation")
FINAL RESULTS OF THE OFFER: OFFEROR REACHED A SHAREHOLDING OF
APPROXIMATELY 89.42% OF THE ISSUER'S COMMON SHARE CAPITAL, NET OF
TREASURY SHARES
OFFER BECAME UNCONDITIONAL
THE REOPENING OF THE TERMS OF THE ACCEPTANCE PERIOD WILL TAKE PLACE FOR
THE SESSIONS ON 2, 3, 4, 5 AND 6 NOVEMBER 2026
* * * * *
Amsterdam, the Netherlands, 27 October 2026 – With reference to the voluntary totalitarian tender
offer (the "Offer") promoted by TML CV Holdings Pte. Ltd. ("TML CV HS"), through its wholly-owned
company TML CV Holdings B.V. (the "Offeror"), pursuant to Articles 102 et seq. of the Italian
Legislative Decree no. 58 of 24 February 1998, as further amended and supplemented (the "CFA"),
on all the common shares (the "Common Shares") of Iveco Group N.V. ("IVG" or the "Issuer"),
whose acceptance period, which commenced on 7 September 2026, closed on 26 October 2026,
the Offeror hereby announces pursuant to Article 41, paragraph 6, of the Issuers' Regulation, the
final results of the Offer.
Capitalised terms used in this press release, unless otherwise defined, shall have the meanings
ascribed to them in the offer document relating to the Offer, approved by CONSOB by resolution No.
24119 of 3 September 2026 and published on 4 September 2026 (the "Offer Document"), as well
as in the Amendment Notice (as defined below), both available, inter alia, on the Issuer's website
(www.ivecogroup.com) and on the Offeror's website (www.tatamotors.com).
It is recalled that the Offer was amended, pursuant to Articles 36 and 43 of the Issuers' Regulation,
on 9 October 2026 by means of an increase of the Price through the recognition of an additional
cash component equal to EUR 0.30 for each Common Share tendered to the Offer, as announced
to the market by means of a press release published on the same date (the "Amendment Notice").
1. Final results of the Offer and effectiveness of the Offer
Based on the final results communicated by BNP Paribas, Italian Branch, acting as Intermediary
Responsible for Coordinating the Collection of the Acceptances, No. 238,157,212 Common Shares
have been tendered in acceptance to the Offer, representing approximately 87.81% of the Issuer's
common share capital and of the Offer Shares (i.e., No. 271,215,400), for an aggregate countervalue
(calculated on the basis of the Price, as amended by the Amendment Notice) equal to EUR
3,429,463,852.80.
In light of the above, taking into account (i) the No. 238,157,212 Common Shares tendered to the
Offer during the Acceptance Period (equal to approximately 87.81% of the Issuer's common share
capital), (ii) the No. 4,868,597 Treasury Shares (equal to approximately 1.80% of the Issuer's
common share capital), and (iii) that in the period between the Date of the Offer Document (i.e., 4
September 2026) and the date hereof, the Offeror has not purchased Common Shares outside the
Offer, the Offeror will hold – as of the Payment Date – No. 238,157,212 Common Shares, equal to
approximately 89.42% of the Issuer's common share capital, net of Treasury Shares.
Accordingly, the final results set out above are unchanged from the provisional results announced in
the press release on the provisional results of the Offer published on 26 October 2026.
With regard to the remaining Conditions to the Offer (other than the Threshold Condition, which has
been satisfied as announced in the press release on the provisional results of the Offer published on
26 October 2026), the Offeror hereby announces that all the other Conditions to the Offer have been
satisfied. Accordingly, the Offer has become fully effective and unconditional.
2. Price and Payment Date
The Price for each Common Share tendered in acceptance of the Offer consists of the initial Price
indicated in the Offer Document equal to EUR 14.10 (cum dividend), increased by the Additional
Price of EUR 0.30 (cum dividend), and therefore is equal to an aggregate amount of EUR 14.40
(cum dividend) per Common Share (the "Price").
The payment of the Price with respect to the Common Shares tendered to the Offer during the
Acceptance Period – against the simultaneous transfer to the Offeror of the ownership of the
Common Shares tendered to the Offer – will take place on 30 October 2026.
3. Reopening of the Terms
Pursuant to Article 40-bis, paragraph 1, letter a), of the Issuers' Regulation, the Acceptance Period
will be reopened for 5 Trading Days starting from the Trading Day following the Payment Date, and,
therefore, for the sessions on 2, 3, 4, 5 and 6 November 2026 (included), from 8:30 a.m. (CET) to
5:30 p.m. (CET) (the "Reopening of the Terms").
As a result, shareholders of the Issuer who did not accept the Offer during the Acceptance Period
may do so during the Reopening of the Terms.
Payment of the Price for each Common Share tendered to the Offer during the Reopening of the
Terms will take place – against the simultaneous transfer to the Offeror of the ownership of the
Common Shares tendered to the Offer during the Reopening of the Terms – on the Payment Date
upon Completion of the Reopening of the Terms (i.e., on 13 November 2026).
As indicated in the Offer Document, it is recalled th
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