Over the last few months there have been some incorrect reports about high level of pledge on shareholdings by the promoters of DCM Shriram Ltd. The NSE also recently decided to include the shares of the company for surveillance due to high level of pledge.
The company has clarified that the promoters have not pledged any of the shares of DCM Shriram Ltd. This was clarified earlier to the stock exchanges as well. The Company and the promoters advised the stock exchanges removal of other encumbrances on the shares. All the promoter shares are free of pledge/encumbrances.
The reports and the actions of the NSE therefore is erroneous. The company has taken up with NSE to correct the position at the earliest.
Shares of DCM Shriram Limited was last trading in BSE at Rs.205 as compared to the previous close of Rs. 215.7. The total number of shares traded during the day was 2827 in over 365 trades.
The stock hit an intraday high of Rs. 216.85 and intraday low of 204.1. The net turnover during the day was Rs. 588968.