Phoenix, Khaitan Act On DCM Shriram-Teknor Apex JV

April 27, 2026

Phoenix Legal and Khaitan & Co advised on the DCM Shriram–Teknor Apex B.V. joint venture which took place following the sale of DCM Shriram’s stake in Shriram PolyTech.

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

The transaction marks a strategic collaboration in the advanced polymer compounds space, combining Shriram PolyTech’s domestic manufacturing capabilities with Teknor Apex’s global formulation expertise. The joint venture aims to deliver high-performance, specialty polymer solutions for a wide range of industrial applications.

Phoenix Legal advised DCM Shriram Limited on the joint venture and stake sale transaction.

The team comprised Co-Founding Partner Abhishek Saxena, Partner Pranav Srivastava, Senior Associates Radhika Khanna and Ramit Chowla, and Associates Anwita Bhattacharyya and Unnati Sinha.

Khaitan & Co advised Teknor Apex B.V. on the transaction.

Abhishek Saxena, Anwita Bhattacharya, Pranav Srivastava, Radhika Khanna, Ramit Chowla, Unnati Sinha

Chemicals

Corporate & Commercial

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