BOSCH LTD. - 500530 - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Reply To Clarification /Confirmation On News Item Appearing In Media/Publication'
This has reference to clarification sought vide your email dated February 25, 2022 in connection to the media report, 'Bosch to Acquire 26% Stake in Autozilla" published in Financial Express on February 23, 2022. Attention is kindly drawn to Corporate Announcement filed on November 09, 2021, in pursuance of Regulation 30 of the SEBI (LODR) Regulations, 2015, informing the Exchange that the Board of Directors has in its meeting held on November 09, 2021 accorded its approval for investing in Autozilla Solutions Private Limited ('Autozilla') upto 26% of its paid-up capital. Further, details pursuant to the SEBI Circular No. ClR/CFD/CMD/4/2015 dated September 09, 2015 were also furnished therein inter-alia, indicating the time period for completion of the acquisition by March 31, 2022. In pursuance of the aforementioned approval of the Board of Directors of the Company, Bosch Limited has acquired 26% stake in Autozilla.28-02-2022
