Toppan Printing, a printing company, agreed to acquire the remaining 51% stake in Max Specialty Films, a supplier of specialty packaging, from Max Ventures & Industries for $89m. “With the closure of this transaction, the company has embarked on a new journey to emerge as the leading Real Estate developer in the NCR region. The fund allows the company the headroom to scale its growth aspirations across both the Residential and Commercial spaces. The real estate sector has witnessed strong recovery and we have a strong residential and commercial real estate development pipeline under different stages of evaluation including due diligence," Sahil Vachani, MaxVIL CEO. On February 2, 2022, Toppan Printing completed the acquisition of 41% stake in Max Specialty Films.