DCM Shriram To Acquire Hindusthan Speciality Chemicals For ₹3.75 Billion

DCM Shriram Ltd. on Thursday said its board has approved the acquisition of a 100% stake in Hindusthan Speciality Chemicals Ltd. for ₹3.75 billion in one or more tranches. The company expects to complete the transaction by September, it said in an exchange filing.

With this acquisition, DCM Shriram plans to expand its chemicals business and enter the epoxy and advanced materials segment for downstream integration of epichlorohydrin.

Hindusthan Speciality Chemicals is engaged in the manufacturing and distribution of solid and liquid epoxy resin, reactive diluents, formulated epoxy resin, and curing agents.