Linde India Limited announces BTA with HPS Gases Ltd for acquisition of packaged gas business

Linde India Limited has announced about the signing of a Business Transfer Agreement (BTA) in connection with Linde India Ltd.'s plan for acquisition of the packaged gases business of HPS Gases Ltd., Vadodara.

In terms of the aforesaid BTA, the Company has on 1 November 2021, signed and executed the closing documents and agreements with HPS Gases Ltd. for completing the aforesaid acquisition of their packaged gases business. In view of the above, the acquisition of the packaged gases business of HPS Gases Ltd. is completed with effect from 1 November 2021. As informed earlier, the aforesaid acquisition will help expand Linde India's presence in Packaged Gas and Micro Bulk market in Western India.

Shares of Linde India Limited was last trading in BSE at Rs. 2493.75 as compared to the previous close of Rs. 2357.40. The total number of shares traded during the day was 6055 in over 1475 trades.

The stock hit an intraday high of Rs. 2512.55 and intraday low of 2339.15. The net turnover during the day was Rs. 14957491.00.

Source : Equity Bulls

Keywords

LindeIndiaLimited INE473A01011 IndustrialGases Acquisition PackagedGasesBusiness