Max India to sell BOPP film division for Rs 800 crore

Max India has decided to divest its polypropylene business in a two-stage transaction for an enterprise value of about Rs 700-800 crore, a move that will help it exit its non-core business, as per Economic Times. Analjit Singh-promoted company is in advanced negotiations with at least two overseas firms in Europe and USA for its bi-axially oriented polypropylene (BOPP) film division. The two-stage deal under consideration involves divestment of majority stake in the first phase, followed by sale of the residual stake later at a pre-determined price.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha
Reclamax single step plastic recycling machine

Reclamax single step plastic recycling machine