Investment14 Nov 2026, 03:04 pm
DCM Shriram International Invests ₹15 Cr in DCM Hyundai Rights Issue
AI Summary
DCM Shriram International Ltd announced its Board of Directors has approved an investment of up to INR 15 crore in the rights issue of its associate company, DCM Hyundai Limited. The company will subscribe to its entitlement of 24,65,000 equity shares and may subscribe to additional shares subject to availability. This investment is being made to increase its stake in DCM Hyundai, where it currently holds 49.28% equity. The Board also approved the unaudited financial results for the quarter and half-year ended September 30, 2026.
Key Highlights
- Approved investment of up to ₹15 crore in DCM Hyundai rights issue.
- Will subscribe to 24,65,000 equity shares of associate company.
- DCM Hyundai is an associate company with 49.28% current equity holding.
- Unaudited financial results for Q2 FY27 were also approved.
- Investment exceeds materiality threshold for disclosure.
Price Impact
More from DCMSIL