BOC Group Plc, the parent company of industrial gases provider BOC India on Wednesday said that its share holding in the Indian company has reached 89.48 per cent after it bought 15.49 per cent of the paid up share capital of the company in the open offer.
The offer got closed in early July in which BOC Group Plc bought its Indian subsidiary’s shares for Rs 200 each. BOC India shares were trading at Rs 186 a share at Bombay Stock Exchange at 12 .33 pm, up by 4% from the previous day closing.
BOC Group Plc in a notice to Bombay Stock Exchange said that it has acquired the shares in trust for the Germany based Linde Holdings Netherlands BV the parent group of the company.
BOC Group plc has been in the industrial gas business for over hundred years and its supplies its product and services not only to industries such as steel or health care but also for helium balloons which are used in private parties.
