Bosch Limited (BSE:500530) agreed to acquire 14% interest in Zeliot Connected Services Private Limited for INR 40 million on February 9, 2022. As per the terms of the Transaction it was a cash consideration and Board of Directors has in its meeting held on February 9,2022 gave its approval for investing in Zeliot Connected Services. The transaction is expected to close on or before April 2022.

Bosch Limited (BSE:500530) completed the acquisition of 14% interest in Zeliot Connected Services Private Limited on April 1, 2022.