Bosch launches open offer for Johnson Controls-Hitachi India shares

Robert Bosch GmbH, alongside Bosch Global Software Technologies Private Limited, has initiated an open offer to acquire up to 7,000,355 equity shares, representing 25.75% of Johnson Controls-Hitachi Air Conditioning India Limited's share capital. The offer price is ₹1,762.54 per share, totaling ₹12,33,84,05,702.

This cash offer follows the indirect acquisition of control over the target company by the acquirer. The offer price incorporates an initial offer price of ₹1,642.12, an enhancement of ₹171.42, and a reduction of ₹51 due to a dividend paid to shareholders.

The tendering period for the open offer is scheduled to commence on Thursday, November 13, 2025, and conclude on Wednesday, November 26, 2025. HSBC Securities and Capital Markets (India) Private Limited is managing the offer, with MUFG Intime India Private Limited acting as the registrar. Robert Bosch GmbH has affirmed firm financial arrangements for the acquisition, including an earmarked amount of €150,000,000.