Shares of DCM Shriram Ltd had been buying and selling within the inexperienced and 1% larger on 13 June after the Board of Administrators authorised Definitive Agreements to amass 100% fairness share capital of Hindusthan Speciality Chemical compounds Restricted for Rs 375 crore in a number of tranches, topic to changes as per the phrases of the Definitive Agreements.
In an change submitting, DCM Shriram mentioned, “We hereby inform you that the Board of Administrators of the Firm at its assembly held immediately, 12 June, 2025 has, inter alia, authorised Definitive Agreements to be entered into for buying 100 per cent fairness share capital of “Hindusthan Speciality Chemical compounds Restricted”, having presence in Epoxy & Superior Supplies enterprise in Bharuch, Gujarat, topic to obligatory regulatory approvals.”
The acquisition additionally represented the entry of DCM Shriram’s chemical substances enterprise into the Epoxy & Superior Supplies space as a downstream integration of Epichlorohydrin.
DCM Shriram additionally introduced that the acquisition is scheduled to be accomplished by September 2025, topic to the fulfilment of the circumstances outlined within the Definitive Agreements.
DCM Shriram is a various Indian company with a wealthy historical past courting again to 1889. It engages in a number of industries, together with agriculture, chemical substances, and value-added enterprises.
The corporate’s portfolio contains the manufacturing of urea, sugar, ethanol, and agriculture inputs, in addition to main industrial chemical substances resembling caustic soda, chlorine, and PVC resin.
DCM Shriram is a distinguished participant within the agri-rural sector and one among India’s greatest sugar producers. Additionally it is closely concerned in renewable power packages resembling inexperienced energy and ethanol manufacturing.
In its value-added division, the corporate operates Fenesta Constructing Techniques, which gives high-quality UPVC and aluminium home windows and doorways.
Nonetheless, at 11:51 am, the shares of DCM Shriram had been buying and selling 0.47% decrease at Rs 1,119.80 on NSE.
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