HB Stockholdings has informed that the company has increased its stake in DCM Shriram Industries to 3,831,776 equity shares comprising 25.05% of its total equity through open market purchases.

DCM Shriram Industries Limited, together with its subsidiaries, manufactures and markets sugar, alcohol, fine chemicals, rayon products, and textiles primarily in India.

The increase of stake to 25.05% has been calculated based on DCM Shriram Industries` paid up equity share capital of 15,298,437 equity shares as per its audited balance sheet as on Mar. 31, 2007.

HB Stockholding presently carries on the activities of investment in securities (Sale and Purchase of Securities) and is a registered with Reserve Bank of India as a Non Banking Financial Company.

Shares of the DCM Shriram Industries were last trading down at Rs 115. It touched an intraday high and low of  Rs. 125 and Rs. 114. The total volume of shares traded at the BSE was 6796. (1.30 p.m., Thursday).