Robert Bosch to buy 20 pct more in MICO India

Newswire

MUMBAI, April 27 (Reuters) - Germany's Robert Bosch GmBH [ROBG.UL] has made an open offer to buy an additional 20 percent in its India unit Motor Industries Co. Ltd. (MICO) , managers Citigroup said on Friday. The offer, to buy 6.4 million shares at 4,000 rupees ($98) per share, is not subject to a minimum level of acceptance. Robert Bosch, the world's largest auto parts maker, holds 60.55 percent in MICO currently, Citigroup said in a newspaper advertisement. Shares in MICO, a ...

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