Linde India zooms on entering into agreement to acquire Tata Steel`s industrial gas supply assets
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Linde India is currently trading at Rs. 7504.25, up by 301.65 points or 4.19% from its previous closing of Rs. 7202.60 on the BSE.
The scrip opened at Rs. 7399.00 and has touched a high and low of Rs. 7641.60 and Rs. 7374.25 respectively. So far 9864 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9909.00 on 22-May-2024 and a 52 week low of Rs. 5320.00 on 18-Jan-2024.
Last one week high and low of the scrip stood at Rs. 7641.60 and Rs. 7111.65 respectively. The current market cap of the company is Rs. 64331.17 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 9.86% and 15.14% respectively.
Linde India has entered into the Plant Sale agreement with Tata Steel for acquiring their industrial gas supply assets - 2X1800 tpd Air Separation Units (ASUs) at their Kalinganagar Phase 2 expansion project.
In February 2023, the company had been declared a successful bidder by Tata Steel for acquiring their industrial gas supply assets - 2X1800 tpd Air Separation Units.
This acquisition will help Linde India reinforce the strong shared bond with Tata Steel and will further strengthen its leadership position in the gases markets in East India.
Linde India is a leading global industrial gases and engineering company.
