DCM Shriram International: Promoter Alok Bansidhar Shriram Acquires 30.92% Stake
DCM Shriram International Ltd has received a revised disclosure regarding an acquisition under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations. Alok Bansidhar Shriram is acquiring a total of 30.92% stake in the company from Madhav Bansidhar Shriram (10.28%), Mrs. Urvashi Tilakdhar (10.28%), and Lala Bansi Dhar & Sons (HUF) (10.37%). This transaction is classified as an inter-family gift among promoters/immediate relatives and is exempt from making an open offer under Regulation 10(1)(a)(i). The acquisition price is NIL, and the shares are being acquired as a gift. The total promoter shareholding remains unchanged at 50.11%. The acquisition is proposed to be completed by July 31, 2026.
Key Highlights
- Alok Bansidhar Shriram to acquire 30.92% stake in DCM Shriram International.
- Acquisition is an inter-family gift, exempt from open offer requirements.
- Transaction involves shares from Madhav Bansidhar Shriram, Urvashi Tilakdhar, and Lala Bansi Dhar & Sons (HUF).
- Acquisition price is NIL.
- Promoter shareholding remains stable at 50.11% post-transaction.
Price Impact
More from DCMSIL