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DCM Shriram signed an agreement to invest Rs. 104.4 Crore for a 26% stake in Serentica Renewables. The deal secures 58 MW of renewable power.
DCM Shriram extended the timeline for acquiring four industrial salt companies. The transactions are now expected to complete by December 31, 2026.
DCM Shriram's subsidiary, Shriram Polytech Ltd., has formed a joint venture with global leader Teknor Apex B.V. The new entity, PolyTek, will develop and manufacture advanced polymer compounds in India. The partnership leverages Shriram's domestic manufacturing with Teknor Apex's formulation expertise to serve high-growth industrial sectors.
DCM Shriram will transfer a 50% stake in its subsidiary, Shriram Polytech Limited, to Teknor Apex B.V. for ₹52.08 Crore (USD 5.6 million). Post-transaction, the subsidiary will be reclassified as a joint venture. This strategic partnership aims to develop advanced specialty polymer solutions for global industrial applications.