DCM Shriram Industries: Promoter Family Gift of about 31% Shares
DCMSRIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Madhav Bansidhar Shriram, a promoter of DCM Shriram Industries, will receive about 30.94% of company shares as a gift from three promoter family members: Alok B. Shriram (10.28%), Urvashi Tilakdhar (10.28%), and Lala Bansi Dhar and Sons HUF (10.37%). No cash is involved. This is a family gift out of love and affection, exempt under SEBI Regulation 10(1)(a). Madhav's individual holding rises from 15.72% to 34.39%, but total promoter group shareholding stays unchanged at 50.11% before and after.
No change in total promoter holding; this is an internal family reshuffle with no cash involved, so minimal direct impact on the stock.