Maxwell Industries has received its board’s approval to execute Memorandum of Understanding (MoU) with Nisi Metals for the sale of its non-operative unit situated at C-119, TTC Industrial Area, MIDC, Navi-Mumbai, Maharashtra 'as is where is basis'. The consideration for this transaction is Rs 9 crore, on the terms and condition as set out in the Memorandum of Understanding.
Maxwell Industries is a leading manufacturer of high quality 100% cotton yarn manufacturer in India for hosiery/weaving industries. It operates in the highly competitive domestic and international market as suppliers of 100% Combed Auto leveled and Auto Coned Contamination controlled Siro cleared hosiery/woven cotton yarn for the high tech knitting/weaving industry.
