Prodair will also make an open offer to all the public shareholders of INOX to acquire the remaining 27,64,154 shares at the same price, a press release said. Consequent to the open offer both Prodair and the promoters will have a 50:50 shareholding in the company. They will subsequently approach stock exchanges for delisting INOX, the release said. Industrial Oxygen, a manufacturer of industrial gases, registered a net profit of Rs 167.40 million on a turnover of Rs 1.52 billion for the year ended March 98. Air Products reported sales of $4.92 billion and an operating income of $845 million in 1998, according torelease.