Automobility Services and Solutions Private Limited agreed to acquire Digital Mobility Business from Bosch Limited (BSE:500530) for INR 6.9 billion on May 26, 2023. Automobility Services and Solutions Private Limited entered into an agreement to acquire Digital Mobility Business from Bosch Limited (BSE:500530) on June 9, 2023. Bosch Limited board approved the deal.

For period ended March 31, 2023, revenue of INR 499.3 million and net worth of INR -2.8 billion. Business Transfer Agreement is proposed to be entered on June 9, 2023. The transaction is expected to complete on June 30, 2023.

RBSA Advisory Pvt. Ltd. acted as financial advisor and fairness opinion provider to Bosch Limited (BSE:500530).