Phoenix Legal, Khaitan act on DCM Shriram - Tekno Apex JV for specialty polymer solutions

DCM Shriram Limited has formed a joint venture with Teknor Apex B.V., a subsidiary of Teknor Apex Company, implemented through the sale of 50% stake in its subsidiary, Shriram Polytech Limited.

Phoenix Legal advised DCM Shriram on the formation of this JV.

The transaction team consisted of Abhishek Saxena (Co-Founding Partner), Pranav Srivastava (Partner), Radhika Khanna (Senior Associate), Ramit Chowla (Senior Associate), Associates Anwita Bhattacharya and Unnati Sinha.

Khaitan & Co advised Teknor Apex on the formation of this JV.

The transaction marks an important step towards strengthening the parties’ position in advanced polymer compound.

By combining Shriram Polytech Limited’s strong domestic presence and manufacturing capabilities with Teknor Apex’s global formulation expertise, the joint venture aims to deliver high-performance, specialty polymer solutions for diverse industrial applications.

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