What to watch. Linde India: Delisting offer opens today

Updated - January 14, 2019 at 09:02 PM.

HYDERABAD: TELANGANA: 04/05/2016: (from L to R)Lim Chwee Foon, Head of Healthcare, Asia Pacifi Hub, Tha Linde Group, Moloy Banerjee, Managing Director, Linde India Limited, and Biswarup Ghosh, head Health Care, Linde India, during the launch of LIV, a first of different kind Oxygen cylinder, in Hyderabad on Wednesday. Photo: G. Ramakrishna

The delisting offer from BOC Group to Linde India shareholders will open for subscription on Tuesday and close on January 21. The company has made the offer to buy 2.13 crore shares (or 25 per cent of the paid-up share capital) at a floor price of ₹428.50 a share. The completion of the global merger between Linde AG and Praxair in November 2018 had triggered a mandatory open offer to Linde India. Praxair Plc, the acquirer, has made it as a voluntary delisting offer.

Published on January 14, 2019 15:13