HSBC Securities and Capital Markets (India) Private Limited has Submitted to the Exchange a copy of Letter of Offer.
BOSCH-HCIL · price
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Robert Bosch GmbH (Germany), along with Bosch Global Software Technologies Private Limited (Person Acting in Concert), has issued a Letter of Offer dated 3 November 2025 to acquire up to 70,00,355 equity shares (25.75% of share capital) of Johnson Controls-Hitachi Air Conditioning India Limited (now renamed Bosch Home Comfort India Limited) from public shareholders. The offer price is Rs 1,762.54 per share, comprising an initial price of Rs 1,642.12, an annual enhancement of 10% (Rs 171.42) for delay between contracting (July 2024) and DPS publication (August 2025), minus Rs 51 for dividend paid. Total deal value is approximately Rs 1,233.84 crore, fully funded in cash. The offer is unconditional with no minimum acceptance threshold. Tendering period runs from 13 November 2025 to 26 November 2025. HSBC Securities is the manager to the offer.
This is a significant takeover event - Robert Bosch is taking full control of the air conditioning business in India. Public shareholders of JCHAC India (now Bosch Home Comfort India) can tender their shares at Rs 1,762.54 during the 10-day tendering window. The stock is likely to trade around the offer price, and shareholders should weigh the offer against post-acquisition prospects under Bosch's control.