DCM Shriram Industries demerger deadline approaches
after close1 source ↓written by the desknot a recommendation
- date set
- 19 Dec 2023
- NCLT approval
- 21 Nov
The window to qualify for the DCM Shriram Industries demerger closes today, with the record date set for 19 Dec 2023. Shareholders on the register by this date will receive shares in the newly formed entities: DCM Shriram Fine Chemicals and DCM Shriram International. This follows NCLT approval on 21 Nov.
Immediate implications for traders include potential volatility as investors adjust their positions ahead of the demerger.
Not investment advice. For informational purposes only.