Acquisition of upto 53% Equity Shares in DNV Global Pvt. Ltd.
Awaiting price reaction for this filing.
DCM Shriram Ltd. will acquire 53% equity in DNV Global Private Limited for Rs. 44 crores in cash. Of this, Rs. 31 crores will go towards subscribing to fresh equity shares and Rs. 13 crores towards buying shares from existing promoters/shareholders. DNV Global makes hardware for windows and doors and reported a turnover of Rs. 60 crores in FY25 with a profit after tax of Rs. 3.35 crores, showing steady growth from Rs. 44.23 crores turnover and Rs. 0.59 crores PAT in FY23. The acquisition is aimed at backward integration for DCM Shriram's Fenesta windows and doors business and to create a new hardware product line. The deal is expected to complete within 8 weeks and does not require major regulatory approvals or fall under related party transactions.
This is a small but strategic acquisition for DCM Shriram — at Rs. 44 crores for a company with Rs. 60 crores revenue, the deal strengthens its Fenesta division by bringing hardware manufacturing in-house, which could improve margins and supply control. The acquisition size is modest relative to DCM Shriram's overall scale, so any immediate impact on stock price is likely limited, but it signals focused expansion in the building systems segment.