Robert Bosch Investment Nederland B.V. entered into an agreement to acquire remaining 9.2% stake in Bosch Electrical Drives India Private Limited from Igarashi Motors India Limited (BSE:517380) for INR 3.4 million on March 10, 2021. Under the terms, Igarashi Motors India Limited will transfer 3,370049 equity shares of Bosch Electrical Drives. Robert Bosch Investment Nederland B.V. is holding 90.8% stake in Bosch Electrical Drives. For the financial year ended on March 31, 2020, Bosch Electrical Drives reported revenue of INR 2.7 million and net liabilities of INR 1.4 million. The transaction is expected to close on or before March 31, 2021. Robert Bosch Investment Nederland B.V. completed the acquisition of remaining 9.2% stake in Bosch Electrical Drives India Private Limited from Igarashi Motors India Limited (BSE:517380) on April 8, 2021.