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Bosch is Germany based company, Started India operation in 1951. The Company has 18 manufacturing units and 7 development & application centers. Bosch India has second largest development center. Bosch is a leader in supplying of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch India has 12 different companies. The key manufacturing facilities are located at Bengaluru, Bidadi, Nashik, Naganathapura, Jaipur, Gangaikondan, Oragadam near Chennai and Verna, Goa.
Nov 06, 2018: Bosch Ltd (BSE:500530 | NSE:BOSCHLTD) board has approved a proposal for buyback of up to 10.28 lakhs shares at Rs 2100 per share, aggregating Rs 2159 Cr (Buyback Offer Size) which is 3.37% of total paid-up equity shares capital.
Below is the complete details about Bosch Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 2159 Cr |
| Buyback Number of Shares: | 10.21 lakhs |
| Buyback Price: | Rs 21000 |
| Buyback Offer Size (In %): | 3.37% |
| Total Share Capital: | Rs 59,317.06 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Bosch Ltd buyback offer? No
In this section we have covered all important dates related to Bosch Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 6th Nov 2018 |
| Buyback Approval date | 6th Nov 2018 |
| Public Announcement of Buyback | 6th Nov 2018 |
| Record Date | 21st Dec 2018 |
| Buyback opens on/Buyback Opening Date | 6th Feb 2019 |
| Buyback closes on/Buyback Closing Date | 20th Feb 2019 |
| Cut-off date to receive completed tender forms by Registrar | 28th Feb 2019 |
| Cut-off date for verification by the Registrar | 28th Feb 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
1st Mar 2019 |
| Last date of settlement of bids on the stock exchange | 1st Mar 2019 |
| Last date to return unaccepted shares by Registrar | 8th Mar 2019 |
| Last date of extinguishment of Equity Shares | 8th Mar 2019 |
Stock Holding table gives a clear picture on retail investor holdings of Bosch Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 69.00% |
| Promoter-Indian | 1.49% |
| Non-Promoter-Institutions | 20.55% |
| Non-Promoter-Non-Institutions | 8.97% |
Bosch Ltd Public Announcement >>Document
Bosch Ltd Draft Letter of Offer >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 31 Equity Shares out of every 75 fully paid-up Equity Shares held on the Record Date. | 41.34 |
| General Category | 15 Equity Share out of every 518 fully paid-up Equity Share held on the Record Date. | 2.90% |
For Bosch Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 2594.79%, No. of Equity Shares reserved in Buyback was 873035 where valid bid received for retail category was 22653398 which is 2594.79% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 122.53%, No. of Equity Shares reserved in Buyback was 154065 where valid bid received for retail category was 188777 which is 122.53%. Final Acceptance Ratio for Retail Investors was 42%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 966.40 (-1.91%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 180.00 (6.48%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 299.20 (1.00%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 460.95 (-0.25%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
Bosch Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Bosch Ltd? How can I apply in Bosch Ltd Buyback offer?Last Updated on 2019-02-28T07:51:26+00:00
