DCM Shriram sells 50% stake in Shriram Polytech to Teknor Apex for $5.6M

DCM Shriram will sell a 50% stake in its subsidiary Shriram Polytech Ltd (SPL) to Dutch company Teknor Apex B.V. for $5.6 million, converting SPL into a joint venture. The deal is expected to close by April 23, 2026.

“DCM Shriram on Thursday said it would sell half of its stake in subsidiary Shriram Polytech Ltd (SPL) to Dutch company Teknor Apex B V for $5.6 million, converting the unit into a joint venture.”thehindubusinessline.com

• 1 source
• thehindubusinessline.comDCM Shriram sells 50% stake in polymer unit to Dutch firm for $5.6 million - The HinduBusinessLinePTIApr 16, 2026

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