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Linde India signs business transfer agreement with HPS Gases

04 Aug 2021 Evaluate

Linde India has signed a business transfer agreement with HPS Gases to takeover the entire packaged gases vertical along with certain distribution assets for an aggregate cash consideration of Rs 27.5 crore. The acquisition that will come into effect from November 1, 2021 will help expand Linde’s presence in the packaged gas and micro bulk market in western India. Linde will supply liquid products to Vadodara-based HPS Gases and purchase gases in packaged and mini bulk under a long-term contract.

Linde India is engaged in manufacturing of industrial gases and undertaking engineering projects.

Linde India Share Price

7234.30 19.25 (0.27%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Petronet LNG 273.05
Bharat Coking Coal 35.75
Linde India 7234.30
Refex Industries 244.75
IRM Energy 220.60
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