India: MaxVIL to exit specialty packaging biz, to focus on real estate

India: MaxVIL to exit specialty packaging biz, to focus on real estate

Photo: Pixabay

Max Ventures & Industries Ltd (MaxVIL), a holding company of Max Group, said it has entered into a definitive agreement with its existing Japanese partner, Toppan Inc., in Max Specialty Films Ltd (MSF), to divest its remaining 51% stake (in two tranches) in the specialty packaging films business for an enterprise valuation of 1,350 crore.

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