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DCM Shriram Limited ( (IN:DCMSHRIRAM) ) has issued an update.
DCM Shriram Limited has announced the acquisition of a 53% stake in DNV Global Private Limited, a company engaged in the manufacturing and trading of hardware for windows and doors. This strategic acquisition aims to enhance the company’s backward integration capabilities for its Fenesta Building Systems business and to establish a new line of business in hardware, potentially strengthening its market position and offering new growth opportunities.
More about DCM Shriram Limited
DCM Shriram Limited operates in the diversified business sectors, with a focus on manufacturing and trading. The company is involved in various industries including chemicals, sugar, and hardware products, with a notable market presence in the building systems sector through its Fenesta division.
YTD Price Performance: -12.00%
Average Trading Volume: 2,981
Current Market Cap: 153.1B INR
For an in-depth examination of DCMSHRIRAM stock, go to TipRanks’ Stock Analysis page.