Auto component major Bosch's board will consider on July 1 launching a buyback offer for its equity shares.
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 said in a regulatory filing.
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.
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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.
The company's stock today closed 2.86 per cent higher at Rs 21,525.05 apiece on BSE.
