/ Linde India Gains Over 4% On Acquisition Plans ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 8 June 2017

Leading industrial gases company, Linde India Limited, has reported its acquisition to the bourses.As per the BSE filing, Linde India received a notice dated 7 June 2017 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.

Linde India is trading higher by around 3% at Rs 447 per share as of 1132 hours on BSE. 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 the past one year.

The company is engaged in the manufacturing of liquefied or compressed inorganic industrial or medical gases and construction of utility projects. Its segments include gases and related products and project engineering.Linde India Ltd is currently trading at Rs 442.5, up by Rs 7.65 or 1.76% from its previous closing of Rs 434.85 on the BSE.The scrip opened at Rs 431.05 and has touched a high and low of Rs 455 and Rs 376 respectively. So far 98230(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 3708.4 crore.
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