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Linde India subscribes 18.29% equity shares in FP Solar Shakti

21 Mar 2023 Evaluate

Linde India has invested a sum of Rs 4.79 crore in FP Solar Shakti towards subscription of 16,50,465 equity shares (18.29%) of face value of Rs 10 each (allotted at a premium of Rs 19.01 each). The objective of acquisition is to purchase renewable power under captive mechanism, which will result in a lower tariff and consequent cost savings.

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

Peers
Company Name CMP
Petronet LNG 290.25
Linde India 5993.90
IRM Energy 256.95
Steamhouse India 127.60
Nilachal Carbo Metal 112.90
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