Alok Bansidhar Shriram to Acquire 30.92% Stake in DCM Shriram International Ltd. through Family Transaction
DCM Shriram International Ltd. is undergoing a significant share transfer, with Alok Bansidhar Shriram acquiring 30.92% of the target company’s shares. This acquisition involves obtaining equity from several family members and entities.The proposed acquisition is set for July 31, 2026. The rationale provided for the transaction is an inter-family gift based on love and affection among promoters and immediate relatives. The acquisition details include shares being acquired from Mr. Madhav Bansidhar Shriram, Mrs. Urvashi Tilakdhar, and Lala Bansi Dhar & Sons (HUF).
Details regarding the proposed acquisition are as follows:
- From Mr. Madhav B. Shriram: 89,41,864 equity shares, representing 10.28% of the company’s share capital. These shares have a Face Value of Rs. 2 each.
- From Mrs. Urvashi Tilakdhar: 89,42,142 equity shares, also accounting for 10.28% of the total shares and having a Face Value of Rs. 2 each.
- From Lala Bansi Dhar & Sons (HUF): 90,21,200 shares. This constitutes 10.37% of the equity shares of Rs. 2 each out of the total 1,20,28,267 (13.83%) held by Lala Bansi Dhar & Sons (HUF) upon dissolution.
The total proposed acquisition accounts for 30.92% of the target company’s share capital. The shares are being acquired at a price of NIL. Alok Bansidhar Shriram, as the acquirer, has been exempted from making an open offer under Reg. 10(1)(a)(i).
The volume weighted average market price for the shares over the preceding 60 trading days was ₹ 67.62 per share.
Shareholding Status Before and After Transaction
Prior to the proposed transaction, Alok Bansidhar Shriram held a substantial stake in the company. The overall Promoter holding stood at 50.11%.The acquisition is expected to consolidate promoter holdings. Of the shares intended for transfer, the details are as follows:
| Shareholder | Pre-Acquisition Shares (Percentage) | Shares Proposed to be Acquired | Post Acquisition Shares (Percentage) |
|---|---|---|---|
| Alok Bansidhar Shriram | 23,88,944 (2.75%) | Madhav B. Shriram, Urvashi Tilakdhar and Lala Bansi Dhar & Sons (HUF) shares | 2,92,94,150 (33.67%) |
| Kanika Shriram | 14,56,332 (1.67%) | No change | 14,56,332 (1.67%) |
| Rudra Shriram | 9,58,802 (1.10%) | No change | 9,58,802 (1.10%) |
| Karuna Shriram | 41,38,462 (4.76%) | No change | 41,38,462 (4.76%) |
| Akshay Foundation | 29,76,389 (3.42%) | No change | 29,76,389 (3.42%) |
| Suman Bansi Dhar | 17,57,160 (2.02%) | Lala Bansi Dhar & Sons (HUF) shares | 47,64,227 (5.48%) |
The acquisition is being made from sellers totaling 269,05,206 shares, which represent 30.92% of the target company's share capital. Following the transfer, there will be no change in the overall Promoter shareholding, maintaining it at 50.11%.
DCMSIL Stock Price Movement
On Friday, DCM Shriram International Limited shares slipped by 1.99% to settle at ₹79.77. The equity traded on a volume of 13,232 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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