IDC recommends open offer by Robert Bosch for Bosch Home Comfort India shares
BOSCH-HCIL · price
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Committee of Independent Directors of Bosch Home Comfort India (formerly Johnson Controls-Hitachi Air Conditioning India) has issued its recommendation on the open offer by Robert Bosch GmbH and PAC Bosch Global Software Technologies to acquire up to 70,00,355 equity shares (25.75 percent stake) from public shareholders at a cash price. The IDC advises shareholders to independently evaluate the offer and take an informed decision on whether to tender their shares.
Public shareholders can now evaluate the open offer and decide whether to tender shares at the cash price. No immediate price impact from the recommendation itself.