Max Speciality Films, manufacturing arm of Max Ventures and Industries, has approved a joint venture with Topann Printing of Japan. Topann will acquire 49 percent in Max Speciality Films through a combination of both primary and secondary issuance of shares, said Sahil Vachani, MD, Max Ventures and Industries.
Max Ventures and Industries have announced the sale of 22.5 percent to New York Life for Rs 121 crore. In an interview to CNBC-TV18, Sahil Vachani, MD of Max Ventures & Industries spoke about the contours of the deal as well as about the latest happenings in his company and sector.
We aim to grow our packaging business from 45,000 tonnes per annum to 75,000 tonnes per annum by 2018 via capex of around Rs 250 crore using both debt and internal accruals, says Sahil Vachani, the managing director of Max Ventures and Industries in an interview to CNBC-TV18.