Bosch zooms on getting nod to invest in Autozilla Solutions

10 Nov 2021 Evaluate

Bosch is currently trading at Rs. 19208.50, up by 443.75 points or 2.36% from its previous closing of Rs. 18764.75 on the BSE.

The scrip opened at Rs. 18730.20 and has touched a high and low of Rs. 19244.50 and Rs. 17918.15 respectively. So far 6089 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 19,244.50 on 10-Nov-2021 and a 52 week low of Rs. 11322.00 on 18-Nov-2020.

Last one week high and low of the scrip stood at Rs. 19,244.50 and Rs. 17712.60 respectively. The current market cap of the company is Rs. 55161.07 crore.

The promoters holding in the company stood at 70.54%, while Institutions and Non-Institutions held 20.14% and 9.32% respectively.

Bosch has received its Board of Directors’ approval to invest in Autozilla Solutions, a startup from Hyderabad (India) that operates a B2B e-commerce marketplace for buying and selling auto parts. This is part of an initiative to establish effective digital ecosystem around vehicle workshops. The company is in discussion with Autozilla to invest Rs 13.35 crore for a minority stake upto 26%.

The investment shall be subject to all statutory approvals. This transaction will enable Bosch's Automotive Aftermarket division to strengthen the market pull through its ‘Extra’ Loyalty Program for independent car workshops and Bosch Car Service outlets. The Board of Directors of the company at their meeting held at Feuerbach, Germany on November 09, 2021 has, approved the same.

Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology in India. Additionally, Bosch has in India the largest development center outside Germany, for end to end engineering and technology solutions.


Bosch Share Price

30099.95 -505.60 (-1.65%)
31-May-2024 16:01 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 151.20
TVS Holdings 11500.00
Bosch 30099.95
UNO Minda 848.70
Varroc Engineering 556.70
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.