Corporate News 23-Oct-19
CCI approval for divestment business in South region
On 22 October 2019
Linda India announced that the Company recently obtained approval of its members to sell/transfer its South Region Divestment Business, issued by Competition Commission of India (CCI) subject to surplus land in Chennai and Hyderabad PGP sites and a decommissioned Air Separation Unit at Hyderabad site with all its related assets and liabilities for an aggragate sale consideration of Rs.13,800 million. Presently, the Company received a letter dated 21 October 2019 from the CCI approving the suitability of Air Water Inc. as the purchaser of the South Region Divestment Business and further extended divestment period of the said business till 17 December 2019.
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