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CCI approves proposed deal between DCM Shriram and Axiall

04 Apr 2014 Evaluate

Fair trade regulator Competition Commission of India (CCI) has approved the proposed deal between DCM Shriram Consolidated and US-based Axiall related to poly vinyl chloride compounds business. The proposed deal relates to subscription of 50 per cent stake by Axiall in DCM Shriram’s subsidiary, Shriram Vinyl Polytech, an entity involved in the production and sale of poly vinyl chloride (PVC) compounds.

According to the CCI, the proposed deal is unlikely to raise adverse effect on competition in India.

Axiall is a subsidiary of Axiall Corporation and is engaged in the production of PVC and PVC compounds, while DCM Shriram is a diversified company with business in agriculture, chemicals, plastics, cement, textiles and energy services. DCM Shriram had transferred its PVC compounding business to Shriram Vinyl, last year.

DCM Shriram Share Price

1225.85 40.85 (3.45%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Grasim Industries 2718.25
DCM Shriram 1225.85
3M India 31394.15
Hindustan Foods 509.15
Balmer Lawrie & Co 176.20
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