Linde India has signed a Business Transfer Agreement with Air Water India (hereinafter referred to as the Purchaser) and Air Water Inc. (as a guaranteeing party) to sell, convey, transfer, assign, grant and deliver its South Region Divestment Business to the Purchaser with effect from the Closing date of the Business as defined in the Business Transfer Agreement as a going concern on a lump sum purchase consideration of Rs 13,800 million, which has been determined on a cash free and debt free basis and shall be adjusted on the closing date in the manner set out in the Business Transfer Agreement.
Linde India, formerly BOC India, is a member of The Linde Group. 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.
