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Bosch Limited announced its board of directors' approval for the acquisition of Bosch Chassis Systems India Private Limited.
Bosch Limited will acquire Bosch Chassis Systems India for ₹9,068.68 crores, making it a wholly owned subsidiary.
KEY POINTS
- The acquisition involves both cash and a share swap, with 2,460 shares issued at ₹35,200 each.
- No additional governmental or regulatory approvals are required for this transaction, streamlining the process.
- Bosch Chassis Systems India reported a turnover of ₹3,935.90 crores and 19.3% EBITDA margin in FY2024-25.
- The share allocation will be split equally between Robert Bosch Investment Nederland B.V. and Robert Bosch LLC.
COMPANIES
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