Bosch, SKF to turn ex-date for buyback

Shares of Bosch and SKF India will turn ex-date for the proposed buyback. SKF India plans to buy back up to 19 lakh equity shares (or 3.7 per cent of its paid-up equity) at a price of ₹2,100 each for an aggregate amount of ₹399 crore; Bosch plans to buy back up to 10.28 lakh equity shares at ₹21,000 a share for ₹2,159 crore. Shareholders wishing to participate need to own these shares by Wednesday, as both the offers are on proportionate basis by way of tender offers.