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Bangalore, Dec. 9 Bosch has informed the Bombay Stock Exchange that it has offered to buy back its fully paid-up equity shares of Rs 10 from the shareholders at a maximum price of Rs 4,500 a share.

It said it would purchase a maximum of 21, 44,490 equity shares and the cost of the buyback would be funded from the company’s reserves and or its share premium account. The company’s aggregate paid-up equity share capital and free reserves as on December 31, 2007 was Rs 25,56.74 crore. The offer opens on December 15.

Citigroup Global Markets India is the manager to the issue, said the company.

The buyback would increase the promoters’ shareholding not exceeding five per cent of the paid-up share capital of the company (up to 74.73 per cent). The minimum number of equity shares to be bought back by the company pursuant to the buy-back offer shall be 3,55,000 shares.

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