Linde India Co., Ltd. joint venture completes sale of plant to JSW Steel Ltd-EquityBulls.com

2021-12-06 16:37:02 By : Ms. Rita Wei

Bellary Oxygen Company Private Ltd., a joint venture company of Linde India Ltd., has accepted JSW Steel Ltd.'s offer to purchase 855 tons of air separation plants per day owned by the aforementioned joint venture company and other related assets, which form part of the aforementioned joint venture company. Belosi divested. Given that the gas supply contract with JSW Steel Ltd. expires on November 14, 2021, Bellary Oxygen Company Private Ltd. has signed and executed an asset sale agreement with JSW Steel Ltd. and has received the consideration amount of Rs. Rs 50 crore (only Rs 50 crore) was used for the transaction. The joint venture company has transferred the ownership of 855 tpd ASU and other related assets to JSW Steel Ltd. at 00:00 on November 15, 2021, and signed the delivery documents on November 15, 2021. Above, the separate holding arrangement regarding Belloxy's divestiture will come to an end. The last trading price of JSW Steel Limited's shares on BSE was Rs. 664.65 compared to the previous closing price of one rupee. 661.50. The total number of stocks traded on that day was 158,406 shares, with more than 4113 transactions. The stock hit an intraday high. 673.95 and the intraday low of 655.90. The net turnover for the day was Rs. 105384072.00. The shares of Linde India Ltd. were last traded at BSE at Rs. 2493.15 compared with the previous closing price of one rupee. 2510.60. The total number of stocks traded on that day was 6,703 shares, with more than 1,253 transactions. The stock hit an intraday high. 2554.95 and the intraday low of 2482.25. The net turnover for the day was Rs. 16849185.00.