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Linde India has received a delisting proposal from its promoter BOC India. The BOC group, which holds 75 per cent in Linde India, intends to acquire 2.13 crore shares or 25 per cent of the paid-up share capital, it said in a notice to the exchanges. The objective of making the delisting offer is to obtain full ownership, which will provide the promoter group with operational flexibility to support the company’s business and future financing needs, the statement said. The delisting price will be determined in accordance with the reverse book building process as set out in the delisting regulations.
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