Acquisition History / DCM Shriram Ltd / Shree Raj Salt and Chemical Works, Devjagan Salt Farm, Maruti Salt Farm and Manek Salt Works
DCM Shriram Ltd Acquires Shree Raj Salt and Chemical Works, Devjagan Salt Farm, Maruti Salt Farm and Manek Salt Works
Announced October 28, 2025 — $19.8M
What happened
The four target entities are Gujarat salt farming and salt works companies with combined turnover in the tens of crores. DCM Shriram's board approved acquiring 100% of all four for a consolidated cost of Rs 175 crore, subject to adjustments under the definitive agreement.
- Acquirer
- DCM Shriram Ltd
- Target
- Shree Raj Salt and Chemical Works, Devjagan Salt Farm, Maruti Salt Farm and Manek Salt Works
- Announced
- October 28, 2025
- Price
- $19.8M
- Industry
- Salt production
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did DCM Shriram Ltd acquire Shree Raj Salt and Chemical Works, Devjagan Salt Farm, Maruti Salt Farm and Manek Salt Works?
DCM Shriram Ltd acquired Shree Raj Salt and Chemical Works, Devjagan Salt Farm, Maruti Salt Farm and Manek Salt Works on October 28, 2025. This was DCM Shriram Ltd's 2nd publicly tracked acquisition out of 2 we have on record.
How much did DCM Shriram Ltd pay for Shree Raj Salt and Chemical Works, Devjagan Salt Farm, Maruti Salt Farm and Manek Salt Works?
DCM Shriram Ltd paid $19.8M for Shree Raj Salt and Chemical Works, Devjagan Salt Farm, Maruti Salt Farm and Manek Salt Works.
What does Shree Raj Salt and Chemical Works, Devjagan Salt Farm, Maruti Salt Farm and Manek Salt Works do?
The four target entities are Gujarat salt farming and salt works companies with combined turnover in the tens of crores. DCM Shriram's board approved acquiring 100% of all four for a consolidated cost of Rs 175 crore, subject to adjustments under the definitive agreement.
What other Salt production companies has DCM Shriram Ltd acquired?
Shree Raj Salt and Chemical Works, Devjagan Salt Farm, Maruti Salt Farm and Manek Salt Works is DCM Shriram Ltd's only publicly tracked acquisition in Salt production so far.
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$42.4M · 2025