The offer will be made by TML CV Holdings PTE LTD or a new Dutch-incorporated entity, wholly owned by Tata Motors. The transaction seeks to acquire all 271.2 million common shares of Iveco Group at €14.1 per share, subject to a minimum acceptance level of 80%. Shares of Tata Motors Ltd ended at ₹668.40, down by ₹24.00, or 3.47%, on the BSE.
