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S&P
BSE SENSEX
73,730.16
-609.28
-0.82 %
Corporate Announcement
Security Code
523457
Company
Linde India Ltd
Exchange Received Time
18/07/2017 15:24:32
Exchange Disseminated Time
18/07/2017 15:24:39
Time Taken
00:00:07
Updates |
7/18/2017 3:24:32 PM
This refers to our letter ref Sect/69 dated 8 June 2017 enclosing therewith a notice dated 7 June 2017 received from Zamalight PLC on the captioned subject.
We have been informed by Zamalight PLC that as per recent communication received by it from the Securities and Exchange Board of India (SEBI), the exemption from the obligation to make an open offer under Regulation 10(1)(d) of the SEBI Takeover Regulations, 2011 would not be available to it. Zamalight PLC has also informed that it is in process of initiating actions in preparation of the open offer, which would be made subject to and following the proposed merger between Linde AG and Praxair Inc being completed. The timing of the open offer is uncertain at this stage, but is currently considered to be most likely in the second half of 2018.
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