New Delhi, April 9 -- Bosch share price gained over 2% in early trade on Thursday, after the company approved the acquisition of a 100% stake in Bosch Chassis Systems India Private Limited (BCSI) for Rs.9,068.68 crore. Bosch shares rose as much as 2.7% to Rs.36,912.35 apiece on the BSE.

Bosch Ltd on Wednesday approved buying 100% stake in Bosch Chassis Systems India Private Limited (BCSI) from Robert Bosch Investment Nederland B.V. and Robert Bosch LLC for Rs.9,068.68 crore, through a mix of cash and equity.

Bosch will issue 2,460 equity shares on a preferential basis along with a cash payment. The company will issue 1,230 shares each to Robert Bosch Investment Nederland B.V. and Robert Bosch LLC. The remaining amount will be paid in ca...