Max Group ropes in Japanese strategic partner for packaging films business

Builds up war chest of Rs 300 cr for education and real estate businesses

Analjit Singh-promoted $2-billion Max Group is bringing in a strategic partner in its speciality packaging films business, Max Speciality Films (MSF). 

Japan’s Toppan Printing Co. will pick up 49% stake in MSF for around Rs 200 crore at an enterprise value of Rs 655 crore. Max Speciality Films was the first venture promoted by Analjit Singh in 1990, before the group forayed into sectors such as telecom, healthcare, insurance, among others. 

  

“This deal gives us competitive advantage with access to technology and the global markets. As a strategic partner the Toppan group will share their expertise in managing the global speciality films