New Delhi, October 29 (Udaipur Kiran): Shares of DCM Shriram jumped over 3% in Tuesday’s trading session after the company’s board approved a proposal to acquire 100% equity share capital of four salt-producing companies in Gujarat.

At 11:00 a.m., the stock was trading at Rs. 1,341.50, up 3.09% from its previous close of Rs. 1,301.30 on the BSE. The scrip opened at Rs. 1,353.20 and touched an intraday high of Rs. 1,408.80 and a low of Rs. 1,336.00, with 1,51,410 shares changing hands.

The BSE Group ‘A’ stock, with a face value of Rs. 2, has recorded a 52-week high of Rs. 1,501.70 (July 24, 2025) and a 52-week low of Rs. 904.55 (March 4, 2025). The company’s market capitalization currently stands at Rs. 20,955.53 crore. Promoters hold 66.52%, while institutions and non-institutions own 12.24% and 21.24%, respectively.

The board has approved entering into a definitive agreement to acquire Shree Raj Salt and Chemical Works, Devjagan Salt Farm, Maruti Salt Farm, and Manek Salt Works, collectively having 1,077 acres of salt lease land in Gujarat. The transaction remains subject to regulatory approvals.

According to the company, the acquisition will enable backward integration of its chemical business into salt production, strengthening its supply chain and operational efficiency. The transaction is expected to be completed by June 2026, subject to conditions outlined in the definitive agreement.

DCM Shriram operates in two key segments — energy-intensive businesses and agri-business — and is India’s third-largest Chlor-Alkali manufacturer. The company also markets UPVC window systems under the Fenesta™ brand.