Bosch share price gained over 2% in early trade on Thursday, after the company approved the acquisition of a 100% stake in Bosch Chassis Systems India Private Limited (BCSI) for ₹9,068.68 crore. Bosch shares rose as much as 2.7% to ₹36,912.35 apiece on the BSE.
Bosch Ltd on Wednesday approved buying 100% stake in Bosch Chassis Systems India Private Limited (BCSI) from Robert Bosch Investment Nederland B.V. and Robert Bosch LLC for ₹9,068.68 crore, through a mix of cash and equity.
Bosch will issue 2,460 equity shares on a preferential basis along with a cash payment. The company will issue 1,230 shares each to Robert Bosch Investment Nederland B.V. and Robert Bosch LLC. The remaining amount will be paid in cash.
The deal is expected to be completed on or before July 7, 2026.
At 9:25 AM, Bosch share price was trading 1.50% higher at ₹36,480 apiece on the BSE.
(More to come)