The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Madhav Shriram

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.