Mumbai, April 16 -- Shriram Polytech is wholly owned subsidiary of DCM Shriram. As on 31 March 2025, SPL had recorded a turnover of Rs 201.63 crore and had a networth of Rs 78.36 crore.

Teknor Apex B.V. (Teknor) is a wholly owned subsidiary of Teknor Apex Company, which is based out of USA. Teknor is a Dutch entity based out of Geleen, Netherlands, with operations in Genk, Belgium. Teknor is primarily engaged in the business of manufacture and sale of thermoplastic elastomers in the European Union.

Consequent to the aforementioned transaction, SPL would cease to be wholly owned subsidiary of the company and shall be reclassified as a joint venture of the company.

Elaborating on this transaction, DCM Shriram stated: "This partnership re...