AZB & Partners advised MaxVIL on partnering with Toppan
Max Ventures & Industries Limited (VIL), one of the three holding companies of the Max Group, has announced the closure of divestment of the balance 51 percent equity stake in Max Speciality Films Limited to Toppan Printing.
Max VIL initiated the transaction in November last. The deal was worth Rs.628 crores
On its exit from the packaging business, MaxVIL has now emerged as a pure real estate business entity. With the proceeds from the sale, the firm intends to focus on premium residential and commercial real estate business.
The M&A team of AZB & Partners comprised Partners Anil Kasturi, Ashish Pareek, and Bharat Apte led the transaction.