ESAB INDIA LTD. - 500133 - Announcement By Our Parent Company - Colfax Corporation, USA
ESAB India Limited''s shareholding includes 73.72% of the equity shares being held by our promoter Companies viz ESAB Holdings Limited, UK holding 37.31 % and Exelvia Group India, BV, The Netherlands holding 36.41 % of the equity shares of the Company. Colfax UK, Holdings Limited indirectly holds 100% equity shares of ESAB Holdings Limited and Exelvia Group India BV. Colfax Corporation, USA indirectly holds 100% of the equity shares of Colfax, UK Holdings Limited. Colfax Corporation, USA on 4 March, 2021 announced to the New York Stock Exchange that they intend to build on strategic momentum by separating into two Independent and publicly traded companies - one business will focus on fabrication technologies i.e. ESAB and the other on specially medical technologies Le MedTech Co., and DJO.The targeted separation is expected to be completed by first quarter of 2022. Though this announcement does not in any way impact ESAB India Limited and its shareholders or its shareholding.31-03-2021