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What is the story about?
Shares of Bosch Ltd., which closed over 7% higher on Wednesday, will remain in focus on Thursday, April 9, after the company announced plans to acquire a 100% stake in Bosch Chassis Systems India.
The acquisition will be carried out from existing shareholders, Robert Bosch Investment Nederland BV and Robert Bosch LLC, through a share purchase agreement involving Bosch Ltd and the promoter group entities.
The transaction is valued at up to ₹9,068.68 crore and will be executed through a combination of preferential allotment of equity shares and a cash component.
Post acquisition, Bosch Chassis Systems India will continue to operate as an independent entity, with its governance overseen by Bosch Ltd.
Separately, Bosch Ltd has approved the issuance of 1,230 equity shares with a face value of ₹10 each at a price of ₹35,200 per share, including a premium of ₹35,190.
These shares will be issued on a preferential basis for consideration other than cash to promoter group entities.
The acquisition is aimed at strengthening Bosch Ltd's capabilities in key areas such as safety and braking, while complementing its existing presence in power solutions.
Bosch Chassis Systems India represents the Vehicle Motion division of the Bosch Group in India and is a market leader in automotive safety systems.
Its portfolio includes active safety systems such as anti lock braking systems and electronic stability control, passive safety systems including airbag control units and sensors, as well as actuation braking systems across passenger vehicles, two wheelers, and commercial vehicles.
Guruprasad Mudlapur, President of the Bosch Group in India and Managing Director of
Bosch Ltd.
, said the acquisition reflects the company's focus on strengthening its growth trajectory through portfolio diversification and enhancing its leadership in mobility solutions through local research and manufacturing.
Sandeep Nelamangala, Joint Managing Director of Bosch Ltd., said the transaction will help the company transition from supplying individual components to delivering integrated, future ready platform solutions, in line with evolving mobility trends in India.
The acquisition will be carried out from existing shareholders, Robert Bosch Investment Nederland BV and Robert Bosch LLC, through a share purchase agreement involving Bosch Ltd and the promoter group entities.
The transaction is valued at up to ₹9,068.68 crore and will be executed through a combination of preferential allotment of equity shares and a cash component.
Post acquisition, Bosch Chassis Systems India will continue to operate as an independent entity, with its governance overseen by Bosch Ltd.
Separately, Bosch Ltd has approved the issuance of 1,230 equity shares with a face value of ₹10 each at a price of ₹35,200 per share, including a premium of ₹35,190.
These shares will be issued on a preferential basis for consideration other than cash to promoter group entities.
The acquisition is aimed at strengthening Bosch Ltd's capabilities in key areas such as safety and braking, while complementing its existing presence in power solutions.
Bosch Chassis Systems India represents the Vehicle Motion division of the Bosch Group in India and is a market leader in automotive safety systems.
Its portfolio includes active safety systems such as anti lock braking systems and electronic stability control, passive safety systems including airbag control units and sensors, as well as actuation braking systems across passenger vehicles, two wheelers, and commercial vehicles.
Guruprasad Mudlapur, President of the Bosch Group in India and Managing Director of
Sandeep Nelamangala, Joint Managing Director of Bosch Ltd., said the transaction will help the company transition from supplying individual components to delivering integrated, future ready platform solutions, in line with evolving mobility trends in India.
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