Max India board to meet on September 10 to consider sale of division

NEW DELHI: Diversified firm Max India is planning to sell its wholly-owned packaging material making division, Max Speciality Films.

"A meeting of the board of directors will be held on September 10, to consider the proposal for sale of Max Speciality Films division," it said in a BSE filing today.

Established in 1990, Max Specialty Films ( MSF) manufactures flexible polymer films for multitudinous applications including food, non food and industrial packaging.

MSF is a fully-owned business specialising in the manufacture of a wide range of packaging unmetallised BOPP films and metallised BOPP films including high barrier films, thermal lamination films and leather finishing foils.

It caters to the needs of diverse packaging industries including food packaging, over wrapping, consumer products, labels and textile industries.

Max India Ltd is engaged in various business verticals including insurance, healthcare and contract research.

Shares of Max India today closed at Rs 181.90 on the BSE, up 1.48 per cent from their previous close.