Tata Motors to raise €1B equity for Iveco buy; analysts flag risks, dragging shares, and raising valuation, growth concerns.

• Jefferies calls the acquisition a “risky detour,” citing challenges with past European buys by Indian firms.
• Emkay, despite a “Buy” rating, flags low European growth and high valuation (~9x P/E) compared to peers.
• Nomura, HDFC Securities raise concerns over timing, risk perception, and stalling JLR/domestic sales momentum.