A board meeting will be held in this regard on June 12.
The company proposes to acquire all outstanding shares in accordance with the guidelines, provided the price payable per equity share does not exceed Rs 600.
At present, Robert Bosch LLC and Robert Bosch Investment Nederland BV, the promoters of the company collectively hold 80 per cent of the total issued share capital of the company.
Robert Bosch had earlier made an announcement of delisting to the shareholder of the Bosch Chassis. However, the price determined by the reverse book building process, which was Rs 750 per equity share was not acceptable to the parent company.
"The delisting offer is proposed to be made to enhance operating flexibility and provide an exit opportunity to the public shareholders of the company", stated a company release.
