BOC India has announced that company’s board will allot 3.62 crore shares at Rs 165 per share to promoter Linde AG on a preferential basis.

The Company stated, "Pursuant to the preferential issue, the aggregate shareholding of Linde AG would increase from 54.80 per cent to up to 73.99 per cent of the total post issue paid-up equity share capital of BOC India. "

The 3.62 crore equity shares represent up to 42.45 % of the total post issue paid-up equity share capital of the company.

BOC India was incorporated on 24 January, 1935. It manufactures and deals in oxygen, hydrogen, nitrogen, acetylene and other gases, welding and cutting equipment, etc.

The stock closed today at Rs. 174.70 on NSE, up by 9 % from its previous close of Rs. 159.65. The stock touched an intraday high of Rs. 187.00 and low of Rs. 159.