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Tata Motors Limited ( (IN:TATAMOTORS) ) has provided an announcement.
Tata Motors Limited has clarified that recent news about a potential $4.5 billion deal with Iveco was speculative and not based on any official information from the company. However, the company’s board has approved the acquisition of 100% common shares of Iveco Group N.V., and all necessary disclosures have been made to the stock exchanges, indicating a strategic move that could impact its market positioning and stakeholder interests.
More about Tata Motors Limited
Tata Motors Limited is a leading automotive manufacturing company that operates in the automobile industry. It is known for producing a wide range of vehicles, including cars, utility vehicles, buses, trucks, and defense vehicles, with a significant market presence in India and globally.
Average Trading Volume: 936,231
Technical Sentiment Signal: Hold
Current Market Cap: 2512B INR
For a thorough assessment of TATAMOTORS stock, go to TipRanks’ Stock Analysis page.