As part of the partnership, Toppan will invest approximately Rs 200 crore through a combination of primary and secondary share issuance, MaxVIL said in a release.
The board MaxVIL has approved the induction of Toppan Printing Co Ltd, Japan (Toppan) as a joint venture partner, it said.
"The new partnership with Toppan, a multinational corporation with interests in information and communication, living & industry and electronics, will help strengthen the speciality films business and serve as a testimony of MaxVIL's commitment to expanding its manufacturing business," it said further.
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