Promoter Group Executes Share Transfer in DCM Shriram International Ltd Stock via Inter-Family Gift

Promoter Group Executes Share Transfer in DCM Shriram International Ltd Stock via Inter-Family Gift​

DCM Shriram International Ltd stock saw a significant transfer of shares involving key promoter shareholders as part of an inter-family gift transaction. The move, intended as an offer of love and relative gifting among promoters, involved the acquisition of shares held by Mr. Modhov Bansidhor, Mrs. Urvoshi Tilokdhor, and Lolo Bonsi Dhor & Sons (HUF).

The transfer targeted a combined stake totaling 33.67% of the equity share capital. The shares were acquired from:

• Mr. Modhov Bansidhor, who held 89,41,864 shares representing 10.28% of the face value stock.
• Mrs. Urvoshi Tilokdhor, holding 89,42,142 shares, which constituted 10.287% of the equity share capital.
• Lolo Bonsi Dhor & Sons (HUF), who held 1,20,28,267 equity shares, representing 33.67% of the total stock.

The transaction involved the transfer of all these specified promoter holdings to the group shareholders at a proposed price of NIL.

Shareholding Details After Transaction​

The detailed shareholding structure reflected the movement and changes across various family and related entities following this event.

The shareholder details showed that before the proposed transaction, the total shares held by the associated parties amounted to 4,55,90,115, representing 50.11% of the company's equity share capital.

Following the transfer, the aggregated holdings stood at 4,35,90,115 shares, which maintained a holding level of 50.11%. The transactions involved various entities including Alok Bonsidhor Shrirom and Koniko Shrirom, whose shareholding figures were recorded in relation to this stock movement.

DCMSIL Stock Price Movement​

DCM Shriram International Limited shares slipped by 1.99% on Friday, settling at ₹79.77 after trading off previous close. The stock saw a volume of 13,232 shares during the session.