Corporate News 20-Mar-23
Linde India acquires 18% stake in renewable power company
For purpose of captive power use
Linde India has invested a sum of Rs. 4,78,79,989.65/- in FP Solar Shakti towards subscription of 16,50,465 equity shares (18.29%) of face value of Rs. 10/-each (allotted at a premium of Rs. 19.01/- each). The purpose of acquisition is to purchase of renewable power under captive mechanism, which will result in a lower tariff and consequent cost savings
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