Indian Promoters Buy-Out 51% Stake In Ellenbarrie From Air Water Inc

Indian promoters of Ellenbarrie Industrial Gases Ltd, in a buyback arrangement, acquired 51 per cent stake of the company from Japanese industrial gas major Air Water Inc at an undisclosed sum, an Ellenbarrie official said on Monday. The space is dominated by global leaders like Linde, Air Liquide and the acquisition made Ellenbarrie again a 100 per cent Indian company. In 2013, the Kolkata-based promoters had sold the company’s 51 per cent stake to Air Water Inc and delisted Ellenbarrie from bourses. ‘Ellenbarrie Industrial Gases Ltd is now the largest…

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