# 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.

- Type: Acquisition
- Announced: 2026-04-16
- Where: India
- Value: $5.60M
- Status: announced
- Products: vinyl compounds, specialty polymer solutions
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [DCM Shriram](https://endata.com/companies/16073.md)
- [Teknor Apex](https://endata.com/companies/16074.md) (acquirer)
- [Shriram Polytech](https://endata.com/companies/16075.md) (target)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/dcm-shriram-sells-50-stake-in-polymer-unit-to-dutch-firm-for-56-million/article70868756.ece), 2026-04-16: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.