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DCM Shriram to Acquire 100% Stake in Hindustan Specialty Chemicals for Rs 375 Crore - ChiniMandi
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New Delhi: The board of DCM Shriram Limited has approved signing of a definitive agreement to acquire full ownership of Hindustan Specialty Chemicals Limited (HSCL) for Rs 375 crore. The move will allow DCM Shriram to expand strategically in the advanced materials segment, thereby creating synergies with its existing chemicals portfolio, subject to regulatory and customary approvals. HSCL, an unlisted subsidiary of Hindustan Urban Infrastructure…
DCM Shriram to Acquire 100% Stake of Hindusthan Specialty Chemicals for Rs 375 Crores, Eyes Strategic Expansion into Advanced Materials
DCM Shriram will acquire 100% of Hindusthan Specialty Chemicals Ltd for Rs 375 crore, expanding into advanced materials. The acquisition strengthens synergies with its chemicals business, aligning with strategic goals in renewables and mobility sectors, and supports its Rs 1,000 crore investment plan.
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