Bosch, the Indian subsidiary of Germany's Bosch Group, a supplier of technology and services in the areas of automotive and industrial technology, consumer goods and building technology, today announced yet another open offer to buy back its fully paid-up equity shares from its shareholders.
The company intends to buy back equity shares of face value of Rs 10 each at a price not exceeding Rs 4,500 per equity share for an aggregate not exceeding Rs 639.2 crore.
Currently, the promoter, Robert Bosch GmbH, holds 69.73 per cent of the outstanding share capital of the company. Public financial institutions, insurance companies and nationalised banks together hold another 13.59 per cent, while FIIs hold 4.80 per cent and the remaining 11.88 per cent is with the public.
The company has fixed October 23, 2009 as the deadline or till it reaches the maximum offer size for its buyback offer, the company said in a newspaper announcement.
