DCM Shriram Fine Chemicals: Alok Bansidhar Shriram Acquires 3.46% Stake

DCM Shriram Fine Chemicals Ltd has announced an acquisition where Alok Bansidhar Shriram, Karta of Lala Bansi Dhar & Sons HUF, will acquire 3,007,067 shares, representing 3.46% of the company's total share capital. The acquisition is being made under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, exempting the acquirer from making an open offer. The proposed acquisition price is ₹25.42 per share, based on the volume-weighted average market price for the preceding 60 trading days. This transaction is part of a distribution of assets by the HUF. Post-acquisition, the acquirer's stake will increase significantly.