New Delhi, July 2, 2001

Max India Limited, a leading multi-business corporate, today announced divestment of its stake in Max Atotech. Max Atotech, a joint venture with Atotech BV, Germany, produces plating chemicals for general metal finishing systems.

The divestment grants 100 per cent control of Max Atotech to the German joint venture partner and is in continuation with the company's strategic decision to focus on its three core service sector businesses of Healthcare, Life Insurance and Information Technology.

"The divestment is part of our long-term strategy to move out of non-core businesses and focus our expertise and resources on the businesses of Healthcare, Life Insurance and Information Technology," said Analjit Singh, Chairman, Max India Limited.