HSBC Securities and Capital Markets (India) Pvt Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Draft Letter of Offer to the Public Shareholders of Johnson Controls-Hitachi ....
BOSCH-HCIL · price
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Robert Bosch GmbH (Germany) along with Bosch Global Software Technologies Private Limited has filed a Draft Letter of Offer on August 14, 2025 for an open offer to acquire up to 70,00,355 equity shares (25.75% of share capital) of Johnson Controls-Hitachi Air Conditioning India Limited from public shareholders. The offer price is set at ₹1,762.54 per share, with the total deal size aggregating to approximately ₹1,233.84 crore, payable in cash. The open offer follows an underlying share purchase agreement dated July 23, 2024, under SEBI Takeover Regulations. The tendering period for shareholders runs from September 25, 2025 to October 9, 2025, with payment expected by October 27, 2025. The offer price includes a 10% annual enhancement from the initial announcement plus a dividend adjustment, as required under SEBI rules.
Public shareholders of Johnson Controls-Hitachi Air Conditioning India can tender their shares at ₹1,762.54 per share during the tendering window. The open offer signals Bosch's consolidation of ownership in the Indian air conditioning business, with the stock likely to trade around the offer price in the near term.