Bosch share price was on a 4% hike at Rs 22,444 on the BSE in early morning trade after the company had announced that its board shall meet on Friday to consider buyback of equity shares.Bosch said in a BSE filing that a meeting of the board of directors shall be held on 1stJuly, 2016, to consider a proposal for buyback of equity shares of the company. Robert Bosch GMBH, the promoter of Bosch, holds 71.18 per cent stake in the company as of March 2016. Insurance compani