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DCW Ltd. ( (IN:DCW) ) just unveiled an announcement.
DCW Ltd. has completed a share allotment tied to the amalgamation of Dhrangadhara Trading Company Private Limited and Sahu Brothers Private Limited into the company, following approval of the merger scheme by the National Company Law Tribunal in Ahmedabad. The board allotted 12,80,500 fully paid equity shares to DTCPL shareholders and 5,24,59,860 fully paid equity shares to SBPL shareholders, in proportion to their holdings in the transferor entities.
With this issuance, DCW’s paid-up equity share capital has risen to Rs. 59.03 crore, divided into 29.52 crore fully paid equity shares with a face value of Rs. 2 each. The newly issued shares will rank pari passu with existing equity shares and are proposed to be listed and traded on BSE and NSE, effectively expanding the company’s shareholder base and consolidating its corporate structure after the amalgamation.
More about DCW Ltd.
DCW Ltd. is an India-based chemical manufacturer, historically known for its operations in Dhrangadhra, Gujarat, and headquartered in Mumbai. The company produces a range of chemical products and is listed on both BSE and the National Stock Exchange of India, targeting domestic industrial demand and broader chemical markets.
Average Trading Volume: 66,102
Technical Sentiment Signal: Hold
Current Market Cap: 15.94B INR
Learn more about DCW stock on TipRanks’ Stock Analysis page.