Independent directors back Bosch Home Comfort open offer

The Committee of Independent Directors (IDC) of Bosch Home Comfort India Limited has recommended the open offer by Robert Bosch GmbH and Bosch Global Software Technologies Private Limited. The offer is for the acquisition of up to 7,000,355 fully paid-up equity shares, representing 25.75% of the total fully diluted voting equity share capital, at an offer price of INR 1,762.54 per equity share.

The IDC, in its report dated November 7, 2025, deemed the offer price fair and reasonable, aligning with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This assessment considered the report from independent advisors, BDO Valuation Advisory LLP. The closing market prices on November 6, 2025, were INR 1,747.65 on BSE and INR 1,747.50 on NSE, both below the offer price.

The IDC noted that the offer is a mandatory open offer following an indirect acquisition of voting rights and control. Shareholders are advised to independently evaluate the offer and make an informed decision regarding tendering their shares. The recommendation was unanimously approved by the IDC members.