Promoter Acquirer Plans Acquisition of Shares, Targeting 3.46% Stake
DCM Shriram Industries Ltd.'s promoter, Suman Bansi Dhar, is planning an acquisition transaction involving shares of a target company (TC). The proposed move seeks to increase the acquirer's stake significantly by purchasing shares from Alok Bansidhar Shriram Karta Lala Bansi Dhar & Sons.The planned acquisition is set for 31.07.2026. According to the details, Suman Bansi Dhar intends to acquire 3,007,067 shares from Alok Bansidhar Shriram Karta Lala Bansi Dhar & Sons. This transaction represents a proposed increase of 3.46% of the target company's share capital. The rationale provided for this transfer is the distribution of assets by HUF.
The volume weighted average market price (VWAP) for the target company, calculated over a period of 60 trading days preceding the notice date, was recorded at Rs. 40.67.
Shareholding Transition Details
Prior to the proposed acquisition, the acquirer group held a 36.28% stake in the target company, while the seller held 13.83%. Following the successful completion of the transaction, the total shareholding of the acquirer group is projected to reach 50.11%, with the targeted shares being acquired through specific promoter entities listed in Annexure I.The following table details the shareholder status both before and after the proposed acquisition:
| Status | Acquirer Group (No. of Shares) | Acquirer Group (% of TC Share Capital) | Seller (No. of Shares) | Seller (% of TC Share Capital) |
|---|---|---|---|---|
| Before Transaction | 43,590,115 | 36.28% | 12,028,267 | 13.83% |
| After Transaction | 43,590,115 | 50.11% | - | - |
Acquirer's Portfolio and Acquisition Breakdown
The acquisition involves several promoter entities working collectively to reach the target shareholding. The transaction details, including the shares to be acquired by Suman Bansi Dhar, are summarized below:| Acquirer & PAC Name | Pre-Acquisition Shares | Shares To Be Acquired | Post-Acquisition Shares |
|---|---|---|---|
| Madhav B. Shriram | 42,99,224 (4.94%) | Alok B. Shriram Karta Lala Bansi Dhar & Sons: 90,21,200 | 3,12,05,606 (35.87%) |
| Divya Shriram | 36,47,854 (4.19%) | No change | 36,47,854 (4.19%) |
| Uday Shriram | 9,61,628 (1.11%) | No change | 9,61,628 (1.11%) |
| Rohan Shriram | 33,593 (0.04%) | No change | 33,593 (0.04%) |
| 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): 30,07,067 | 47,64,227 (5.48%) |
| Alok B. Shriram | 89,42,540 (10.28) | - | - |
| Urvashi Tilakdhar | 89,42,642 (10.28%) | - | - |
| Lala Bansi Dhar & Sons (HUF) | 1,20,28,267 (13.83%) | - | - |
DCMSRIND Stock Price Movement
On Friday, shares of DCM Shriram Industries Limited edged higher by 0.93% to close at ₹40.25 per share. The stock settled with a volume of 48,418 shares traded 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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