Linde India slips 20% on failure of delisting plan

Promoters of the company informed bourses on Thursday that the discovery price came in at around Rs 2,025 per share in the delisting process.

Shares of Linde India hit lower circuit limit of 20 per cent to Rs 570 apiece on BSE in the early morning trade due to the failure of the delisting offer.

BOC Group Ltd. and Linde Holdings Netherlands B.V., the promoters of Linde India, informed the exchange after market on Thursday that the discovery price came in at around Rs 2,025 per share in the delisting process.

“We wish to inform you that we have received a letter dated January 24, 2019, from the BOC Group, the acquirer, informing that it will publish the post-delisting offer announcement on January 25,