BOC Group offers to delist Linde India

The BOC Group, promoter of Linde India, has offered to take full ownership of the company and delist the firm from the country’s bourses. This follows as a result of the global merger between Linde AG and Praxair whereby Linde Plc has acquired control and voting rights of Linde AG.

The BOC Group is part of the Linde Group and owns 75 per cent equity in Linde India.

In a notice to the BSE, Linde India said that the primary objective of making the delisting offer is to obtain full ownership of equity shares of this company by the promoters which will provide the promoter group with operational flexibility to support the business and future financing needs.