DCM Shriram Sells 50% SPL Stake to Teknor Apex

DCM Shriram Board approved sale of 50% equity stake in subsidiary Shriram Polytech Limited to Teknor Apex B.V. for USD 5.6 million.
SPL's FY turnover was ₹201.63 crore (1.58% of parent) with net worth of ₹78.36 crore (1.13% of parent).
Transaction transforms SPL from wholly-owned subsidiary to joint venture, aiming to strengthen polymer compounds portfolio.
Agreements executed on 16th April 2026 with expected completion by 23rd April 2026; not a related party transaction.