BSECompany Update3d ago · 7 Nov 2026, 12:37 am
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
✦ AI SummaryM&A
Tata Motors Ltd announced that its wholly-owned subsidiary TML CV Holdings B.V. has reached a shareholding of approximately 96.29% of Iveco Group N.V.'s common share capital, net of treasury shares, following the voluntary totalitarian tender offer.
Analysis Scores
Earnings Impact5/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Tata Motors Ltd - 544569 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Attachments (1)
📄pdf
Download →
b59a39ec-9f76-4ea1-8b13-d9b453422a10.pdf
View document text
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
November 7, 2026
Sc no – 156
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. 151 dated October 30, 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 received
the Provisional results of the Reopening of the Terms, communicated by BNP Paribas, Italian
Branch, acting as the Intermediary Responsible for Coordinating the Collection of the
Acceptances during the Reopening of the Terms. During the Reopening of the Terms which
ended on the date hereof, based on the Provisional results, 18,309,029 Common Shares
have been tendered in acceptance to the Offer and TML CV Holdings B.V., should the
provisional results of the Reopening of the Terms be confirmed, reached a shareholding of
96.29% of the Issuer's common share capital, net of the Treasury Shares
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.
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 Resolution No. 11971 of 14 May 1999, as further amended and
supplemented (the "Issuers' Regulation")
END OF THE REOPENING OF THE TERMS
PROVISIONAL RESULTS OF THE REOPENING OF THE TERMS: OFFEROR REACHED A
SHAREHOLDING OF APPROXIMATELY 96.29% OF THE ISSUER'S COMMON SHARE
CAPITAL, NET OF TREASURY SHARES
THE PAYMENT DATE UPON COMPLETION OF THE REOPENING OF THE TERMS IS SET
FOR 13 NOVEMBER 2026
DUTCH LEGAL SQUEEZE-OUT
* * * * *
Amsterdam, the Netherlands, 6 November 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"), the
Offeror hereby announces the following.
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. Provisional results of the Reopening of the Terms
Based on the provisional results communicated by BNP Paribas, Italian Branch, acting as
Intermediary Responsible for Coordinating the Collection of the Acceptances, during the Reopening
of the Terms, which ended on the date hereof, No. 18,309,029 Common Shares have been tendered
in acceptance of the Offer, representing approximately 6.75% 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 263,650,017.60.
In light of the above, should the provisional results of the Reopening of the Terms be confirmed,
taking into account (i) the No. 238,157,212 Common Shares already tendered to the Offer during
the Acceptance Period (equal to approximately 87.81% of the Issuer's common share capital), (ii)
the No. 18,309,029 Common Shares tendered to the Offer during the Reopening of the Terms (equal
to approximately 6.75% of the Issuer's common share capital), (iii) the No. 4,868,597 Treasury
Shares (equal to approximately 1.80% of the Issuer's common share capital), and (iv) 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 No. 256,466,241
Common Shares, equal to approximately 96.29% of the Issuer's common share capital, net of
Treasury Shares.
The final results of the Reopening of the Terms will be announced in a separate press release
pursuant to Article 41, paragraph 6, of the Issuers' Regulation, which will be issued by the Offeror by
7:29 a.m. (CET) on the Trading Day prior to the Payment Date upon Completion of the Reopening
of the Terms (i.e., by 7:29 a.m. (CET) on 12 November 2026) (the "Press Release on the Final
Results of the Reopening of the Terms").
2. Price and Payment Date upon Completion of the Reopening of the Terms
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
Reopening of the Terms – against the simultaneous transfer to the Offeror of the ownership of the
Common Shares tendered to the Offer – will take place on 13 November 2026.
3. Dutch Legal Squeeze-Out
Based on the provisional results (if confirmed), in light of the Offeror having reached, together with
its Affiliates, an aggregate shareholding at least equal to 95% of the Issuer's issued and outstanding
share capital represented by Common Shares (calculated in accordance with the DCC, in any case
not taking into account the Treasury Shares), and having declared in the Offer Document its intention
not to restore a free float sufficient to ensure the regular trading of the Issuer's Common Shares, the
Offeror hereby announces that it will commence the Dutch Legal Squeeze-Out in respect of the
remaining Common Shares currently outstanding, and the Dutch Legal Squeeze-Out may be
preceded, at the Offeror's election, by the implementation of the Demerger and the Share Sale.
The timing, modalities and terms of the Dutch Legal Squeeze-Out and, if implemented at the
Offeror's election, the Demerger and the Share Sale will be communicated to the market in due time
by means of a separate press release in accordance with applicable laws and regulations.
Borsa Italiana will order the suspension of trading in the Common Shares and/or the Delisting
purs
[Showing first 8,000 characters — download PDF for full document]