Tata Motors acquires majority stake in Italian CV maker Iveco, makes it indirect subsidiary

New Delhi: Tata Motors has acquired an 89.42 per cent stake in Italian commercial vehicle maker Iveco Group, making it an indirect subsidiary of the Indian automaker following completion of the initial settlement of its tender offer. In a joint statement Friday, the companies said TML CV Holdings B.V., an indirect wholly-owned subsidiary of Tata […]

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