DCM Shriram Industries: Last Day to Purchase Shares for Demerger Eligibility

DCM Shriram Industries has revised the record date for its demerger to December 26 from December 19. The last day to purchase shares to be eligible for the share allotment in the two newly formed entities is December 23. Investors who purchase the stock on or after December 24 will not be entitled to the benefits arising from the corporate restructuring. The demerger involves the transfer of businesses into two resultant entities: DCM Shriram Fine Chemicals Ltd (DSFCL) and DCM Shriram International Ltd (DSIL). Shareholders holding equity shares of DCM Shriram Industries as on the record date will receive shares in a 1:1:1 ratio.