Linde India Gets Nod From CCI For Business Divestment
Linde India Limited informs that Competition Commission of India (CCI) has issued a clearance letter to Linde AG and Praxair, Inc., approving the Underlying Transaction subject to certain modifications proposed by the CCI.
The divestment of the following assets of Linde India Limited as a condition to CCI 's approval of the Underlying Transaction:
(a) JSW-2 1800 tpd ASU;
(b) The Company's shareholding in Bellary Oxygen Company Private Limited (i.e. 50% of the paid up share Capital of the said entity);
(c) Hyderabad cylinder filling station (excluding the nitrous oxide facility); and
(d) Chennai cylinder filling station,
(collectively the "Divestment Businesses").