Latest news with #DCMShriram
Time of India
3 hours ago
- Business
- Time of India
DCM Shriram to acquire specialty chemicals firm for Rs 375 crore to enter advanced materials segment
DCM Shriram Ltd on Thursday said its board has approved a definitive agreement to acquire Hindusthan Specialty Chemicals Ltd (HSCL) for Rs 375 crore, marking its strategic entry into the advanced materials segment . The acquisition of the unlisted subsidiary of Hindusthan Urban Infrastructure Ltd is subject to regulatory and customary approvals, DCM Shriram said in a statement. HSCL operates a production facility in Jhagadia, Bharuch district, Gujarat, spanning 43 acres and located 3.5 km from DCM Shriram's existing chemicals complex. The proximity is expected to create operational synergies, it added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo The target company reported revenue of over Rs 274 crore in 2024-25, with liquid epoxy resin capacity exceeding 17,000 tonnes per annum. Its product portfolio includes liquid epoxy resins, hardeners, reactive diluents, solvent cuts, and formulated resins for aerospace, electronics, renewable energy, electric vehicles, defence, and composites sectors. "This acquisition is a pivotal step in our chemicals growth strategy and a catalyst for DCM Shriram's entry into advanced materials," its Chairman and Senior Managing Director Ajay Shriram and Vice Chairman & Managing Director Vikram Shriram said in a joint statement. Live Events The deal builds on DCM Shriram's February 2024 commitment to invest Rs 1,000 crore in establishing its Epoxy and Advanced Materials business under its Chemicals Strategic Business Unit.
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Business Standard
4 hours ago
- Business
- Business Standard
DCM Shriram to acquire Hindusthan Speciality Chemicals for ₹375 crore
DCM Shriram on Wednesday said its Board of Directors has approved the acquisition of a 100 per cent equity stake in Hindusthan Speciality Chemicals Limited (HSCL) for ₹375 crore. DCM Shriram plans to pay ₹375 crore in one or more tranches, subject to adjustments in the terms of definitive agreements. The agreements for the acquisition were approved at the board meeting held on 12 June 2025, and the transaction is expected to be completed by September 2025, subject to regulatory and shareholder approvals. The acquirer operates across chemicals, agri-rural, and value-added businesses. HSCL, headquartered in Bharuch, Gujarat, operates in the epoxy and advanced materials segment. The company is engaged in the manufacturing and distribution of solid and liquid epoxy resins, reactive diluents, formulated epoxy resins and curing agents. HSCL was incorporated on 11 July 2003. 'No major governmental or regulatory approvals are required for the said acquisition, except certain approvals from local industrial and other authorities. As the target entity is a material subsidiary of Hindusthan Urban Infrastructure Limited (HUIL), a company listed on BSE Ltd, the sale of shares by HUIL would require approval of its shareholders by way of special resolution in terms of Listing Regulations,' DCM Shriram stated. 'We believe HSCL's proven technology, strong customer base, and strategic location will provide a solid foundation to scale this business rapidly'' Shriram added. Financial performance For the financial year 2024–25, HSCL has reported an unaudited turnover of ₹273.8 crore and had a paid-up share capital of ₹144.6 crore. The company has faced continued losses over the past three years. It posted a net loss (PAT) of ₹28.3 crore in FY25, ₹32.8 crore in FY24 and ₹47.5 crore in FY23. Profit before depreciation, interest and taxes (PBDIT) also remained negative during this period, indicating ongoing operational challenges. The net worth of the company as on 31 March 2025 stood at negative ₹76.1 crore, based on unaudited financials.
Entrepreneur
12-05-2025
- Business
- Entrepreneur
Fenesta Acquires Majority Stake in DNV Global for INR 44 Crore to Boost Supply Chain
The transaction, which includes INR 31 crore via subscription to fresh equity and INR 13 crore through purchase of existing shares, is expected to be completed within the next two months You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Fenesta, the windows and doors division of DCM Shriram Ltd, has acquired a 53 per cent equity stake in DNV Global for INR 44 crore, marking a strategic push towards backward integration and expansion into the hardware segment. The transaction, which includes INR 31 crore via subscription to fresh equity and INR 13 crore through purchase of existing shares, is expected to be completed within the next two months, as per PTI. The move is part of Fenesta's broader strategy to enhance operational efficiency and scale. "This strategic investment marks a significant step in Fenesta's vision to enhance customer experience, deepen vertical integration, enhance product reliability, achieve accelerated growth in scale and unlock operational synergies across its supply chain," DCM Shriram said in a statement on Sunday. DNV Global, established in 2013, reported a turnover of INR 60 crore in the last fiscal. The acquisition will allow Fenesta to bring hardware manufacturing in-house. Hardware components are crucial to the performance and longevity of window and door systems, and this move positions Fenesta to gain more control over product quality and innovation. Saket Jain, business head, Fenesta Building Systems, said, "The acquisition is a natural extension of our long-term growth strategy. Hardware plays a critical role in defining both the performance and user experience of our window and door systems." He emphasized the strategic fit between the two companies, noting that the deal will provide Fenesta with more flexibility and responsiveness in product development. "With this move, we not only deepen our supply chain capabilities but also gain the agility to innovate and expand our hardware offerings across new home improvement segments," Jain added. Jain also highlighted that the integration will help Fenesta offer smarter, more durable, and more comprehensive solutions to customers, further strengthening its market position. Fenesta is a prominent brand in India's premium home improvement sector, manufacturing uPVC and aluminium windows and doors, as well as solid panel doors and building facades. The parent company, DCM Shriram Ltd, operates in a diverse range of sectors including sugar, fertilizers, and chemicals.
Time of India
12-05-2025
- Business
- Time of India
Shriram arm Fenesta buys 53% in DNV Global
NEW DELHI: DCM Shriram group firm Fenesta , which is into uPVC and aluminium windows and doors production, has acquired 53% equity stake in DNV Global for Rs 44 crore to expand its business. The acquisition cost includes Rs 31 crore of fresh equity and Rs 13 crore worth of equity shares to be bought from existing promoters and shareholders. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
11-05-2025
- Business
- Business Standard
DCM Shriram's arm Fenesta buys 53% stake in DNV Global for Rs 44 crore
DCM Shriram group firm Fenesta, which is into uPVC and aluminium windows and doors, has acquired 53 per cent equity stake in DNV Global for Rs 44 crore to expand its business. The deal is expected to be completed in next 2 months. The acquisition of DNV Global will help Fenesta in backward integration and opportunity to create new line of business (hardware). "This strategic investment marks a significant step in Fenesta's vision to enhance customer experience, deepen vertical integration, enhance product reliability, achieve accelerated growth in scale and unlock operational synergies across its supply chain," DCM Shriram said in a statement on Sunday. The total acquisition cost is Rs 44 crore, which includes Rs 31 crore by subscribing to fresh equity share capital of DNV Global and Rs 13 crore by purchase of equity shares from the existing promoters/shareholders. Saket Jain, Business Head, Fenesta Building Systems, said, "The acquisition ...is a natural extension of our long-term growth strategy. Hardware plays a critical role in defining both the performance and user experience of our window and door systems." "With this move, we not only deepen our supply chain capabilities but also gain the agility to innovate and expand our hardware offerings across new home improvement segments," he added. This integration will accelerate Fenesta's ability to deliver smarter, more durable, a better product range and holistic solutions, he said. Fenesta, a division of DCM Shriram Ltd, is one of the leading brands for uPVC and aluminium windows and doors, solid panel doors, and facades. Established in 2013, DNV Global turnover in the last fiscal stood at Rs 60 crore. DCM Shriram is into sugar, fertilizers, chemicals businesses apart from Fenesta.
