HSBC Securities and Capital Markets (India) Pvt Ltd (Manager to the Open Offer) has submitted to the Exchange a copy of Pre-offer Advertisement in accordance with Regulation 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended, and Corrigendum to the Detailed Public Statement for the attention of the public shareholders of Johnson Controls-Hitachi Air Conditioning India Limited (Target Company).
BOSCH-HCIL · price
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Awaiting price reaction for this filing.
Bosch Home Comfort India has filed a Pre-offer Advertisement along with a Corrigendum to the Detailed Public Statement with the stock exchange in connection with an open offer for the public shareholders of Johnson Controls-Hitachi Air Conditioning India Limited (the Target Company). The filing has been made by HSBC Securities and Capital Markets (India) Pvt Ltd, acting as the Manager to the Open Offer, under Regulation 18(7) of the SEBI Takeovers Regulations, 2011. A corrigendum suggests there has been an amendment or correction to the earlier public statement of the open offer. The filing is aimed at keeping public shareholders of the target company informed about the open offer process.
This confirms that an open offer process for Johnson Controls-Hitachi Air Conditioning India is actively underway, with Bosch Home Comfort India as the acquirer. Existing shareholders of the target company should review the corrigendum carefully for any changes in offer terms. The stock price of the target company may react based on the revised offer details.