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Linde India acquires packaged gases business of HPS Gases

The acquisition will help expand Linde India’s presence in Packaged Gas and Micro Bulk market in Western India.

November 03, 2021 9:32 IST | India Infoline News Service
Linde India Ltd has informed to the exchanges regarding acquisition of packaged gases business of HPS Gases Ltd, Vadodara.

Earlier, it has informed about signing of a Business Transfer Agreement (BTA) in connection with Linde India Ltd.’s plan for acquisition of the packaged gases business of HPS Gases Ltd., Vadodara.

In a regulatory filing, the company said, "We are pleased to confirm that in terms of the aforesaid BTA, the Company has on November 1, 2021, signed and executed the closing documents and agreements with HPS Gases Ltd. for completing the aforesaid acquisition of their packaged gases business."

In view of the above, the acquisition of the packaged gases business of HPS Gases Ltd. is completed with effect from November 01, 2021. As informed earlier, the aforesaid acquisition will help expand Linde India’s presence in Packaged Gas and Micro Bulk market in Western India.

On Wednesday at around 9:34 AM, Linde India was trading at Rs2,505.05 per piece up by Rs6.9 or 0.28% on the BSE.

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