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Business News/ Market / Stock-market-news/  Bosch surges as much as 5% on share buyback plans
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Bosch surges as much as 5% on share buyback plans

Bosch's board will consider on 1 July a buyback offer for its shares

Photo: Aniruddha Chowdhury/MintPremium
Photo: Aniruddha Chowdhury/Mint

Mumbai: Auto component major Bosch’s shares rose as much as 5% on Wednesday as the company’s board will consider on 1 July a buyback offer for its equity shares.

The stock climbed 4.56% to 22,572.00 on BSE at 2:36PM. Ot NSE, it surged 4.92% to 22,582.85 at 2:36PM. A meeting of the board of directors of the company will be held on 1 July to consider a proposal for buyback of the company’s equity shares, Bosch Ltd had said in a regulatory filing on Tuesday.

The 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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Published: 29 Jun 2016, 02:58 PM IST
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