| 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 and no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016. The Exchange vide its notice no. 20170210-16 dated Feb 10, 2017, 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 (the “Company”), has announced offer to Buyback of up to 10,27,100 (Ten Lakh Twenty Seven Thousand One Hundred) fully paid-up equity shares of face value of Rs. 10/- (Rupees Ten Only) each (“Equity Shares”) representing 3.365% of the total number of equity shares in the paid-up equity share capital of the Company from the eligible shareholders holding equity shares as on Friday, December 21, 2018 (The “Record Date”), on a proportionate basis, by way of a Tender Offer through stock exchange mechanism for cash at a price of Rs. 21,000/- (Rupees Twenty One Thousand Only) per equity share payable for an aggregate amount of up to Rs. 21,56,91,00,000 (Rupees Two Thousand One Hundred Fifty Six Crores Ninety One Lakh Only) (“Buyback”) from February 06, 2019 to February 20, 2019.
Market participants are further requested to note that this offer will be as per the Revised Guidelines of SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017 and the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
January 31, 2019 |