By Aditi Shah NEW DELHI (Reuters) -Tata Motors plans to raise about 1 billion euros ($1.14 billion) of equity to repay the loan funding its $4.5 billion offer to buy Iveco's trucks and bus business, the Indian automaker's chief financial officer said on Thursday.

Tata Motors is set to acquire Iveco Group. After the transaction, Iveco will retain its workforce as well as its headquarters in Turin, Italy

Tata Motors is in the process of signing a deal to acquire Italian truck manufacturer Iveco. The deal with the Agnelli family (the main shareholder of the brand) will involve a transaction of 3.8 billion euros (around $4.