ESAB India

Esab India Ltd has informed that the Company has acquired 2,00,000 equity shares in ESAB Welding & Cutting systems Ltd, the Company Subsidiary, constituting 14.29% of the share capital of the said subsidiary. Consequent to the said acquisition of shares, ESAB Welding & Cutting systems Ltd has now become a Wholly owned subsidiary of the Company with effect from September 20, 2007.