Bosch Ltd has executed today, i.e. March 20, 2019, a Joint Venture Agreement with Prettl India Private Limited. The Parties have executed the joint venture agreement for incorporation of a new joint venture company to be incorporated for the purpose of carrying out the business of manufacturing / assembly and supply of mechanical and electromechanical components and assemblies for automobile and non-automobile industry.
Prettl will hold 60% stake in the JV and Bosch will hold 40%.
Bosch has agreed to subscribe an amount not exceeding INR 8 crores and Prettl has agreed to subscribe an amount not exceeding INR 12 crores in the equity share capital of the proposed Joint Venture Company to be incorporated for the said purpose.
Shares of BOSCH LTD. was last trading in BSE at Rs.18398.05 as compared to the previous close of Rs. 18447.2. The total number of shares traded during the day was 425 in over 115 trades.
The stock hit an intraday high of Rs. 18499.45 and intraday low of 18363. The net turnover during the day was Rs. 7820603.