Linde India Receives Acquisition Notice From Zamalight PLC

Shital Jibhe / 08 Jun 2017

Linde India Receives Acquisition Notice From Zamalight PLC

Linde India Limited is engaged in the manufacturing of liquefied or compressed inorganic industrial or medical gases and construction of utility projects and is one of the world’s leading company in the gases business, reported its acquisition notice to the bourses.

Linde India Limited is engaged in the manufacturing of liquefied or compressed inorganic industrial or medical gases and construction of utility projects and is one of the world’s leading company in the gases business, reported its acquisition notice to the bourses.
 
On 7 June 2,017 Linde India Limited received a notice from Zamalight PLC in relation to the proposed indirect acquisition of control over Linde India Limited by Zamalight PLC pursuant to the proposed merger of equals between Linde AG (ultimate holding company of Linde India Limited) and Praxair, Inc, as per the BSE filing.
 
At Rs 447 per share as of 1132 hours on BSE, Linde India Limited is trading higher by around 3%. The stock touched its intraday high of Rs 455 per share up by 4.6%. The stock has lost around 2% in share price in past one month. However, it has gained around 46% in past one year.

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