TML CV Holdings B.V.

TML CV Holdings B.V. is a subsidiary of Tata Motors and the vehicle behind the tender offer for Iveco Group, Business Today reported. [1] source: Business Today The proposed combination of Tata Motors and Iveco would create a global commercial-vehicle group with over 590,000 annual unit sales and about €21 billion in revenue, including an estimated 32% from India. [2] source: Outlook Business

In September 2026, Italy's Consob approved the €3.8 billion tender offer for Iveco, clearing the final major regulatory hurdle. [1] source: Business Today The all-cash offer is priced at €14.10 per share and carries a €3.82 billion offer valuation. [2] source: Outlook Business The acceptance period runs from September 7 to October 26, 2026, with initial payment on October 30, 2026. [3] source: Outlook Business A reopened acceptance period could run November 2-6, 2026, with payment on November 13, 2026. [3] source: Outlook Business ET Small Business reported in September 2026 that the final European Central Bank clearance allowed the tender offer to proceed. [4] source: ET Small Business

The offer has a 95% minimum acceptance threshold, reducible to 80%, and an EGM is set for October 16, 2026. [2] source: Outlook Business Exor N.V. has a commitment covering 27.06% of Iveco common shares and 43.19% of voting rights. [2] source: Outlook Business Business Today also gave the acquisition value as $4.4 billion and ₹41,580.67 crore. [1] source: Business Today