The board has approved the proposal received from its German parent Robert Bosch GmbH to initiate another voluntary delisting of the shares of the company, Bosch Chassis said in a filing to the Bombay Stock Exchange.
On June 10, Robert Bosch Gmbh proposed to acquire outstanding shares of the company in accordance with the guidelines, provided the price payable per equity share does not exceed Rs 600.
In April, Robert Bosch GmbH had withdrawn its offer for acquiring the public holding in the company by rejecting the final price of Rs 750 per share arrived through the reverse book building process, which opened on March 24 and closed on March 28.
The extra ordinary general meeting of the company would be held on July 15 to seek approval of the shareholders, the filing added.
At present, Robert Bosch LLC and Robert Bosch Investment Nederland BV, the promoters of the company, collectively hold 80 per cent of the total share capital of Bosch Chassis.
