Tata Motors closed its bid for Iveco on Monday, gathering 87.8% of the Italian maker’s shares after a tender that began on September 4 and ended on October 16. The offer, originally announced on July 30, 2025, had been nudged up from ₹14.10 to ₹14.40 per share on October 9, pushing the transaction’s value to ₹3.91 billion, up from ₹3.80 billion in the initial deal.
Iveco’s board approved a back‑end resolution on October 16, trimming the squeeze‑out trigger from 95% to 80%. With the threshold crossed, Tata Motors can now invoke the Dutch statutory mechanism, buying out the remaining shareholders and taking Iveco private.
The move follows a steep climb from a 35% acceptance in late October, as the company’s shareholders gradually shifted to support the takeover. The Dutch law allows a controlling party to force the sale of the remaining shares once the 80% mark is reached, provided the offer price meets the statutory minimum.
Engineers and drivers in Italy’s Turin plant are braced for a transition that could reshape the workforce. The delisting is slated for completion within one to two months, pending regulatory approvals, and will see the company’s shares removed from the Milan exchange. While investors in India cheer the consolidation, European regulators will monitor the impact on supply chains and competition.