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(16/04/2026 15:30)

DCM Shriram to sell 50% stake in Polymer Unit to Teknor Apex for USD 5.6 Mn

DCM Shriram has announced the sale of a 50% stake in its subsidiary, Shriram Polytech Ltd, to Netherlands-based Teknor Apex BV for USD 5.6 million.

Following the transaction, Shriram Polytech will transition from a wholly-owned subsidiary to a joint venture, with DCM Shriram’s stake reducing from 100% to 50%.

The company’s board has approved the deal, which is expected to be completed by April 23, as per its regulatory filing.
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