Tata Motors completes Iveco takeover, Chandrasekaran named chair

Tata Motors said Italian commercial vehicle maker Iveco is now part of the group after it acquired about 89.42% of the company, or 238,157,212 shares. The deal is valued at roughly $4.32 billion, or about ₹42,561 crore. Tata Sons chairman N. Chandrasekaran has been appointed chairperson of Iveco following completion of the acquisition.