DCM Shriram soars on getting nod to acquire 100% equity share capital of four companies
DCM Shriram is currently trading at Rs. 1341.50, up by 40.20 points or 3.09% from its previous closing of Rs. 1301.30 on the BSE.
The scrip opened at Rs. 1353.20 and has touched a high and low of Rs. 1408.80 and Rs. 1336.00 respectively. So far 151410 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1501.70 on 24-Jul-2025 and a 52 week low of Rs. 904.55 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 1408.80 and Rs. 1214.60 respectively. The current market cap of the company is Rs. 20955.53 crore.
The promoters holding in the company stood at 66.52%, while Institutions and Non-Institutions held 12.24% and 21.24% respectively.
DCM Shriram has received approval from board of directors for entering into a definitive agreement to acquire 100% equity share capital of four companies engaged in producing and selling industrial salt, as part of the same transaction. The entities are Shree Raj Salt and Chemical Works, Devjagan Salt Farm, Maruti Salt Farm and Manek Salt Works having salt works with 1077 acres of salt lease land in the State of Gujarat. The transaction is subject to customary regulatory approvals.
The objective of acquisition is to facilitate backward integration of the Company’s chemical business into salt. The said acquisition is expected to be completed by June 2026, subject to fulfilment of conditions specified in Definitive Agreement.
DCM Shriram runs two businesses energy intensive and agri business. The company is also the third largest manufacturer of Chlor-Alkali in the India. They have launched value added UPVC window system business under the Fenesta TM brand in India.
