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Max India in talks to sell polypropylene business

April 24/2012

(Reuters) -- The Delhi-based company is in advanced negotiations with at least two overseas firms in Europe and the United States.

Max India is looking to divest its polypropylene business for an enterprise value of about Rs 800 crore as part of plans to exit its non-core business.

The Delhi-based company is in advanced negotiations with at least two overseas firms in Europe and the United States to sell its polypropylene films business. The transaction is expected to close sometime this quarter. 

Polypropylene business is expected to have contributed about Rs 700 crore in revenue in the year ended March 31.



mrcplast.com
Author:Anna Larionova
Tags:PP, BOPP films, packaging.
Category:General News
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