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The country’s leading auto parts maker, Bosch has said that it has set a price of ₹21,000 per share for its buyback of up to 10,27,100 shares.
This constitutes an amount not exceeding ₹2,159 crore. The number of equity shares proposed to be bought back represents 3.365 per cent of the total number of equity shares of the company. The window for the buyback has been fixed at between February 9 and 20, 2019, as per filing with the BSE.
The announcement of the buyback was made during the second quarter results of the company.
During the second quarter, Bosch’s net profit rose 18.86 per cent to ₹420 crore on year-on-year basis, on improved operational efficiency and higher productivity. The firm’s total income increased by 13.59 per cent to ₹3,340.62 crore. EPS for Q2 stood at ₹137.6 compared with ₹115.8 last year.
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