Bosch, German multinational engineering and electronics company, witnessed a rise in share price on Wednesday after the Bosch Group plans to seek a partner for a joint venture or a buyer for its Starter Motors and Generators division.

Bosch said, "The company is convinced that this can further improve the division's growth prospects in a market characterized by tough competition and cost pressure."

Shares of Bosch are trading at Rs 21,080, up Rs 277.8, or 1.34% at the Bombay Stock Exchange (BSE) on Wednesday at 9:47 a.m.

Total volume of shares traded on the bourses today was higher by 5.66% to 3,507 compared with 22-day average volume of 3,319.