The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Madhav Shriram
DCMSIL · price
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On the reaction day the stock moved 5.7 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Madhav Bansidhar Shriram, part of the promoter group of DCM Shriram International Ltd, received 46,42,640 shares (5.34% of the company) as gifts from immediate family members. The shares were transferred off-market by his wife Divya Shriram (36,47,419 shares or 4.19%), son Uday Shriram (9,61,628 shares or 1.11%), and son Rohan Shriram (33,593 shares or 0.04%). As a result, his personal holding rose from 42,99,224 shares (4.94%) to 89,41,864 shares (10.28%). The transfer was carried out under Regulation 10(1)(a)(i) of SEBI Takeover Regulations, which exempts inter-family transfers from the requirement of making an open offer. The rationale stated is consolidation of family holdings.
This is an internal promoter-group reshuffle via gifts, not a market purchase, so there is no direct impact on the stock price. It signals continued promoter confidence and consolidation of control within the family, with Madhav Shriram's individual stake doubling.