| Opening of Offer to Buy – Acquisition Window (Buyback) for Bosch Limited |
Trading Members and Custodians are requested to note that Securities Exchange Board of India (SEBI) has issued Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015. The Exchange vide its notice no. 20150930-1 dated September 30, 2015, has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.
All Market Participants are hereby informed that Bosch Limited (“Company”) has announced Buy-back of up to 878,160 (Eight Hundred Seventy Eight Thousand and One Hundred and Sixty) fully paid-up Equity Shares of face value of Rs. 10 (Rupees Ten Only) each (“Equity Shares”) constituting 2.796% of the issued, subscribed and paid-up Equity Share Capital of Bosch Limited from the eligible Equity Shareholders holding Equity Shares as on September 06, 2016 (the “Record Date”), on a proportionate basis, by way of a tender offer through the stock exchange mechanism for cash at a price of Rs. 23,000/- (Rupees Twenty Three Thousand Only) per Equity Share for an aggregate amount of up to Rs. 20,197,680,000 (Rupees Two Thousand Nineteen crores Seventy Six lacs And Eighty Thousand Only) (“Buyback”) from 6th October, 2016 to 21st October, 2016.
Market participants are further requested to note that the details of this Offer to buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Dy. General Manager
Listing Sales & Ops
October 03, 2016
|