DCM Shriram Limited, a diversified industrial group, has taken a major step to boost its building systems business by investing in a hardware manufacturing firm. The company announced plans to acquire a controlling interest in DNV Global Private Limited, which will support its Fenesta division’s growth and efficiency.
The company will acquire a 53% equity stake in DNV Global for ₹44 crore. This includes an equity infusion of ₹31 crore and ₹13 crore to buy shares from existing promoters. DNV Global, a manufacturer and trader of door and window hardware, recorded a turnover of ₹60 crore and a net worth of ₹8.09 crore in FY25.
This acquisition will provide backwards integration for the Fenesta business by giving DCM Shriram direct control over hardware components. It also marks the company’s entry into a new manufacturing segment, enhancing its position in the fenestration industry and allowing better cost and supply management.
DCM Shriram operates across several sectors, including chemicals, sugar and building materials. With a strong presence in manufacturing and trading, the company has carved a niche in the windows and doors market through its Fenesta brand. Its latest move aligns with its strategy to strengthen and expand its consumer-oriented businesses.
Read More: DCM Shriram Shares to Trade Ex-Date on January 24: Interim Dividend of ₹3.60
As of May 05, 2025, at 10:25 AM, DCM Shriram Ltd share price is trading at ₹1,005.95, reflecting a surge of 2.60% from the previous closing price. Over the past month, the stock has declined by 1.77%. The stock’s 52-week high stands at ₹1,371.10 per share, while its low is ₹886.35 per share.
DCM Shriram’s acquisition of a majority stake in DNV Global highlights its commitment to expanding its building systems business. The deal is expected to bring operational advantages and open new opportunities for growth in the hardware manufacturing space.
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Published on: May 5, 2025, 2:18 PM IST
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