BOC India Ltd, a subsidiary of the Linde Group, has reaffirmed its plans to further expand and invest in the Asian market.
According to a report by the India Times, BOC India harbours no plans to delist its shares from the stock exchange and would be injecting around Rs 10bn over the next three years to fund its expansion efforts.
Those are reportedly the sentiments of senior company officials, speaking on the sidelines in India.
Addressing shareholders at the company’s 73rd Annual General meeting, Chairman Susim Mukul Datta noted that following the preferential allotment of 36.2 million equity shares to the BOC Group in January last year and another 13.209402 million shares acquired by the group in June 2008, its shareholding in the company has increased to 89.48%.
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