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Bosch Limited registers 7.7 percent growth

By Niranjan Mudholkar,

Added 10 November 2016

Soumitra Bhattacharya to succeed Dr. Steffen Berns as MD of Bosch Limited effective January 1, 2017

Snapshot of business divisions' performance in Quarter 2

Overall, the Company's Mobility Solutions businesses grew by 6.7 percent in this period. Main contribution was from Gasoline Systems which posted a strong double-digit growth.

The business divisions of the sectors beyond mobility performed strongly and grew by 15.9 percent. "The company has been focusing on offering integrated cross divisional solutions in the business sectors beyond mobility. The renewed focus to improve India's infrastructure segment has helped business units such as Power Tools and Security System to grow strongly," Dr. Berns added.

Bosch Limited successfully completed a buyback of 878,160 equity shares at a price of RS 23,000/- per share. The number of equity share bought back constituted 2.796 percent of the pre buyback equity share capital. Post buyback share capital stands at 30,520,740 shares. Robert Bosch GmbH, the parent company now holds 70.49 percent of equity shares as against 71.18 percent earlier.

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