Linde India gets beaten down

Not surprisingly, Linde India is the top loser on the BSE currently. The stock touched the 20% LC at Rs.569.60; though it has recovered from this level, it remains very much in the red.

The stock has tanked after the promoters rejected the discovered price, thereby putting an end to the delisting plans.

The promoters said that the discovery price came to nearly Rs 2,025 per share in the delisting process.

Currently the mood on the counter is very somber as reportedly, the promoter group, BOC, which holds 75% stake has given up the idea to take the company private.