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Tata Motors Limited ( (IN:TATAMOTORS) ) just unveiled an update.
Tata Motors Limited, through its subsidiary TML CV Holdings Pte. Ltd., has launched an all-cash voluntary full tender offer for all common shares of Iveco Group N.V., a company listed on Euronext Milan. This strategic move aims to acquire all issued common shares of Iveco, excluding its defense business, which is set to be spun off or sold. The offer is priced at Euro 14.10 per share and includes plans to delist Iveco from Euronext Milan, potentially impacting stakeholders by reshaping the company’s market positioning and operations.
More about Tata Motors Limited
Tata Motors Limited is a leading automotive manufacturing company based in India. The company is known for producing a wide range of vehicles, including cars, utility vehicles, buses, trucks, and defense vehicles, with a strong market presence both domestically and internationally.
Average Trading Volume: 936,231
Technical Sentiment Signal: Hold
Current Market Cap: 2512B INR
For an in-depth examination of TATAMOTORS stock, go to TipRanks’ Overview page.