20,197,680,000," the company told the exchange.The buyback represents 24.99 per cent of the paid-up share capital and free reserves. Following the development, the stock fell 2.22 per cent to hit a low of Rs 22,100 on BSE. NEW DELHI: Shares of Bosch slipped 2 per cent in Monday's trade after the company approved the share buyback plan on Friday at a price not exceeding Rs 23,000, which was mere 1.75 per cent higher than its closing price for the day.The company's board approved the share buyback proposal post market hours on Friday. This was the third day of fall for the scrip. The company on Friday told stock exchanges that it intends to buy back 8.78 lakh shares of the face value of Rs10 each at a price of Rs 23,000 per share for a total sum not exceeding Rs 2,019.76 crore.

Source: Economic Times July 04, 2016 05:11 UTC