Auto component major Bosch’s scrip rose by over 5 per cent as the company’s board will consider on July 1, launching a buyback offer for its equity shares.
The stock climbed 5.41 per cent to Rs 22,689.95 on BSE.
At NSE, it surged 5.44 per cent to Rs 22,695.
A meeting of the board of directors of the company will be held on July 1, to consider a proposal for buyback of the company’s equity shares, Bosch Ltd had said in a regulatory filing yesterday.
Bengaluru-based firm is a leading supplier of technology and services in the areas of mobility solutions, industrial technology, consumer goods, and energy and building technology.
The Bosch Group operates in India through nine companies.
It currently has 14 manufacturing sites, and seven development and application centers in the country. The company employs over 29,000 associates.
