DCM Shriram Consolidated Ltd has informed BSE that the Board of Directors of the Company in their special meeting held on February 07, 2014 have approved an agreement with Axiall, LLC (subsidiary of Axiall Corporation, USA) for forming a 50 : 50 Joint Venture for the Polymer Compounding business carried on by the 100% subsidiary of the Company, namely Shriram Vinyl PolyTech Private Limited.
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