Linde India Limited has announced about the signing of a Business Transfer Agreement (BTA) in connection with Linde India Ltd.'s plan for acquisition of the packaged gases business of HPS Gases Ltd., Vadodara.

In terms of the aforesaid BTA, the company has on 1 November 2021, signed and executed the closing documents and agreements with HPS Gases Ltd. for completing the aforesaid acquisition of their packaged gases business.

In view of the above, the acquisition of the packaged gases business of HPS Gases is completed with effect from 1 November 2021. As informed earlier, the aforesaid acquisition will help expand Linde India's presence in Packaged Gas and Micro Bulk market in Western India.