Buyback offers from Bosch and Bharat Electronics will open on Thursday. Through the ₹2,020-crore buyback offer, Bosch plans to buy back 8.78 lakh shares at a price of ₹23,000 a share. Bharat Electronics plans to buy back 1.66 crore shares at a price of ₹1,305 apiece. BEL and Bosch had fixed September 27 and September 6 as record dates for the respective buybacks. Both the offers are on proportionate basis through the tender route and promoters are likely to particpate.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.