Buyback offer closed on October 24, 2009.
No shares proposed for buyback - 15,00,000(approx)
No shares bought & extinguished - 6,52,560
Min buyback price - Rs. 2,949.99
Max buyback price - Rs. 3,240.00
Amount invested in buyback - Rs.2,002.93 Million
Percentage Shareholding pre / post buyback (Approx)
Shareholding of Promoter and Promoter Group 69.79 / 71,18
Public Shareholding
Institutions 13.35 / 12.92
Foreign Institutional Investors 5.24 / 4.98
Other Shareholders 9.28 / 10.92
It may be observed that both promoter and other(individual) shareholding has gone up. The previous quarter results are good. With the success of NANO volumes will go up and so are the orders for Engine Management System from Bosch.
I would think all these things are big positives for the company and hence the share price is on the upward trajectory.
It is not just Nano. Their other products namely CRDi and security systems have been doing well in the market. Their capex is well planned and hence when the sales of automobiles in the indian and international market goes up, Bosch will be an outstanding performer.
IT IS NOW MOVING IN GOOD DIRECTION AND WE CAN SEE GOOD UP SWING. I AM HOLDING THIS STOCK AND HOPE YOU HAVE ALSO KEPT INTACT IN YOUR PORTFOLIO.
WE COULD SEE MESSAGE ON THIS STOCK AFTER VERY LONG TIME AND I AM SURE IN THIS GRP ALL THOSE WHO KEPT CUSTODY OF THIS STOCK MUST BEFELING GOOD.
| NIFTY 
