Linde India has informed that in compliance with the Competition Commission of India’s (CCI) Order dated 6th September 2018, the Company has yesterday, effective close of business hours, consummated and closed the Business Transfer Agreement for divestment of the South Region Divestment Business, which was signed on 22 November 2019 with Air Water India (the purchaser) and Air Water Inc. (the guaranteeing party). The Company has also received the full purchase consideration of Rs 13,800 million from Air Water India as per the terms of the aforesaid Business Transfer Agreement.
The above information is a part of company’s filings submitted to BSE.
