DCM Shriram expands into advanced materials with HSCL acquisition

** DCM Shriram Ltd (BSE: 523367) announced its strategic move to acquire 100% equity share capital of Hindusthan Speciality Chemicals Limited (HSCL), a deal valued at INR 375 crores. The acquisition, approved by DCM Shriram's board on June 12, 2025, aims to position the company for strategic expansion into the advanced materials segment, unlocking synergies with its existing chemicals portfolio. HSCL, an unlisted subsidiary of Hindusthan Urban Infrastructure Limited, operates a modern production facility in Gujarat. With HSCL located just 3.5 km from DCM Shriram’s existing chemicals complex, seamless synergies for integration and growth are expected. DCM Shriram’s management anticipates that the acquisition will allow the firm to build a diversified and innovation-driven chemicals portfolio. The deal is subject to regulatory approvals and customary conditions, and is expected to be completed by September 2025.