Shardul Amarchand Mangaldas advises Toppan Inc. to acquire remaining 51% shareholding of Max Speciality Films Limited
February 23, 2022
Shardul Amarchand Mangaldas & Co advised Toppan Inc. to acquire remaining 51% shareholding of Max Speciality Films Limited from Max Ventures & Industries Limited (‘MVIL’) in two tranches for a total deal value of INR 628 Crore (approx.). The date of signing was 14 November, 2021 and the date of first closing was February 1, 2022.
The transaction team was led by Rudra Kumar Pandey, Partner; Kanishk, Partner; Vishal Nijhawan Principal Associate; Anshul Chhirang, Associate; and Gayathri Subramanian, Associate.
GCA Advisors and KPMG advised Toppan Inc. on financial and tax aspects, respectively. AZB & Partners and Ambit advised MVIL on legal and financial aspects, respectively.