DCM Shriram Limited has obtained board approval to acquire 100% of Hindusthan Specialty Chemicals Ltd for approximately ₹375 Crore, strategically expanding its presence in the advanced materials segment.

Target Information

DCM Shriram Limited has received board approval for the acquisition of a 100% stake in Hindusthan Specialty Chemicals Ltd (HSCL). The deal is valued at approximately ₹375 Crore and signifies DCM Shriram's strategic move into the advanced materials segment. HSCL operates a state-of-the-art production facility located in Jhagadia, Bharuch district, Gujarat, which is expected to enhance DCM Shriram's manufacturing capabilities.

This acquisition is part of DCM Shriram's broader strategy to diversify its portfolio and expand its footprint within the chemical sector. The ability to harness synergies between HSCL's offerings and DCM Shriram's existing product range will provide a competitive advantage in the marketplace.

Industry Overview

The Indian chemicals industry is a vital aspect of the country's economy, contributing significantly to the GDP and offering a wide array of products across various sectors. In recent years, the Indian chemical marke