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Johnson Controls-Hitachi Air Conditioning India Ltd is primarily engaged in the business of manufacturing, selling and trading of air conditioners, refrigerators, chillers and VRS systems.
Bosch Home Comfort India (formerly JCHAC) reported a Q2 net loss of Rs 39.96 Cr on Rs 405.14 Cr revenue. Half-year net loss was Rs 24.71 Cr on Rs 1257.77 Cr revenue. Results were impacted by exceptional items, including acquisition-related expenses and a warehouse fire loss.
BOSCH HOME COMFORT INDIA has an open offer for 26% of its equity shares, payable in cash. The Independent Directors' Committee has opined the offer is fair and reasonable for public shareholders, urging independent evaluation. This indicates a significant potential shift in control.
Bosch Home Comfort India's Independent Directors evaluated an open offer by Robert Bosch GmbH to acquire up to 7.00 Cr shares (25.75% equity) for cash. The IDC views the offer as fair and reasonable, advising shareholders to independently assess this opportunity for a premium exit amidst a change in control.