Acquisitions12 Jun 2025, 06:35 pm
DCM Shriram Ltd to Acquire 100% Stake of Hindusthan Specialty Chemicals Ltd for ₹ 375 Crores
AI Summary
DCM Shriram Ltd's board has approved the acquisition of full ownership of Hindusthan Specialty Chemicals Ltd (HSCL) for ₹ 375 crore. This move positions DCM Shriram for strategic expansion into the Advanced Materials segment, unlocking synergies with its existing chemicals portfolio. HSCL operates a modern production facility at Jnagadia, Bharuch district, Gujarat, and reported a turnover of over ₹ 274 crore in FY 2024-25. The acquisition is a pivotal step in DCM Shriram’s chemicals growth strategy and a catalyst for its entry into advanced materials.
Key Highlights
- DCM Shriram Ltd to acquire 100% stake of Hindusthan Specialty Chemicals Ltd for ₹ 375 crore.
- HSCL operates a modern production facility at Jnagadia, Bharuch district, Gujarat.
- HSCL reported a turnover of over ₹ 274 crore in FY 2024-25.
- Acquisition to mark DCM Shriram's entry into the Epoxy & Advanced Materials space.
- Acquisition subject to regulatory and customary approvals.