Sulzer India likely to be delisted

The board of directors of Sulzer India will meet on October 7 to discuss a proposal to sell the company's 20.01% equity stake to parent company Sulzer.

According to Suzler India's release to the BSE today, Sulzer, an industrial engineering and manufacturing firm, already holds 79.99% equity stake and now intends to pick up the remaining stake in the company.

Pune-based Sulzer India manufactures mass transfer devices and high pressure air and gas compressors required for the process industry.