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| Exchange Disseminated Time | | ZF Steering Gear India Ltd ( Target Company) has submitted to BSE a copy of recommendations of the Committee of Independent Directors of the Company pursuant to Regulation 26(7) of the Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("Takeover Code") in respect of the Open Offer made by 'Robert Bosch GmbH' ("Acquirer") alongwith 'Robert Bosch Automotive Steering GmbH' (formerly known as ZF Lenksysteme GmbH) ('Persons Acting in Concert') to the Shareholders of the Target Company for the acquisition of up to 2,359,058 Equity Shares of Rs. 10 each at a price of Rs. 455.96 per equity share representing 26% of the voting share capital of the Company. Citi Global Markets India Private Limited ( 'Manager to Offer'). |
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