Tata Motors bumped its offer to €14.40 per share, nudging the total value of the purchase to €3.91 billion. The company said the extra €0.30 compensates for a delay in the authorisation process, a move that keeps the deal on track for the September‑October 2026 window.
But the real win for buyers is the sheer scale of the deal—271.2 million shares, if tendered, give Tata a solid stake in Iveco’s Euro 6‑compliant chassis and powertrains that are already hitting European roads.
Yet, financing isn’t a mystery: Tata will pull the extra cash from an €85 million credit facility it secured with MUFG Bank, ensuring the transaction can close without a liquidity hiccup.
And when the deal wraps up, Tata will have a product line that rivals Ashok Leyland’s 12‑tonne trucks and Mahindra’s heavy‑weight offerings. The added depth could give the Indian OEM a sharper edge in the competitive fleet market.
The acquisition keeps defence out of the picture—Iveco’s arm stays independent—so the focus remains squarely on commercial trucks, a strategic fit for Tata’s long‑term European ambitions.
Shareholders will vote on Oct 16, 2026, and if the offer is accepted in full, the deal will seal by the end of that year. Watch for how the new chassis and engines are rolled into Tata’s upcoming models in 2027.