The BOC Group Limited made an open offer to acquire remaining 25% stake in Linde India Limited (BSE:523457) from the public shareholders for INR 10.2 billion on January 25, 2019. The offer is for the acquisition of up to 21.3 million shares at the offer price of INR 334.33 per share to be paid in cash. The offer per share comprises of INR 276.09 per share plus interest being INR 59.05 per equity share. The offer price is subject to revision. As of August 27, 2019, the offer per share has been adjusted to INR 478.4. This offer is in continuation of previous offer of October 24, 2018. The transaction is subject to consummation of an underlying transaction, maximum tender and statutory approvals, if any. The offer is not conditional upon any minimum level of acceptance. As per disclosure on February 5, 2019, the statutory approvals for the deal have been obtained. A committee of independent Directors of Linde India Limited has been formed to recommend on the deal. The tendering period will commence on March 11, 2019 and will expire on March 28, 2019. As of August 26, 2019, The tendering period will commence on September 3, 2019 and will expire on September 17, 2019. Anurqag Byas and Rishi Tiwari of ICICI Securities Limited acting as managers to the offer for The BOC Group. On November 8, 2018, Board of Directors of Linde India Limited has appointed ICICI Securities Limited as due diligence provider. Sumeet Deshpande of Link Intime India Private Limited acted as registrars to BOC Group. Bansi S. Mehta & Co., Chartered Accountants, has been appointed as an independent chartered accountant by the Securities Exchange Board of India for the computation of fair price of the equity shares of Linde India for the purposes of the offer. As of June 3, 2019, Securities Exchange Board of India has appointed CNK & Associates LLP as accountant for the computation of fair price of the equity shares of Linde India for the purposes of the offer.