Tata Motors Secures 87.8% of Iveco Shares Through Tender Offer
Tata Motors crossed the 80% threshold needed to take control of the Italian commercial vehicle maker after securing 87.8% of Iveco shares through its tender offer.
New Delhi, Oct. 27 -- After a 15-month process marked by regulatory delays and resistance from some minority shareholders, Tata Motors Ltd has secured 87.8% of Iveco Group shares through its tender offer, crossing the 80% threshold needed to take control of the Italian commercial vehicle maker.The…