Leading industrial gas and engineering company Linde India Ltd. has invested around Rs 4.8 crore for 18.3 percent stake in FP Solar Shakti Pvt. Ltd, a renewable energy company.

The company has acquired 16.5 lakh equity shares of FP Solar Shakti through this transaction, allotted at a premium of Rs 19.01 each on face value of Rs 10.

Purpose of the acquisition is to purchase renewable power under captive mechanism, which will result in a lower tariff and consequent cost savings, the company said in an exchange filing.

#lindeindia #lindeindiashares #lindeindiastocks #cnbctv18 #businessnews  #businessnewstoday #businessnewsinenglish #sharemarkettoday  

Read web story: http://www.cnbctv18.com/market/stocks/linde-india-investment-in-renewable-energy-fp-solar-shakti-strategic-16220781.htm

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Linde India Shares Gain After Company Invests In Renewable Energy | Midcap Radar | CNBC-TV18

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Performance

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Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

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Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Linde India Limited, formerly BOC India Limited, is engaged in the manufacturing of liquefied or compressed inorganic industrial or medical gases and construction of utility projects.

Linde India Ltd