Maxwell Industries has informed that the Board of Directors of the Company at its meeting held on October 07, 2014, has approved the Memorandum of Understanding to be executed with Nisi Metals Private Limited for the sale of Companys 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 INR 9 Crs, on the terms and condition as set out in the Memorandum of Understanding.
The above information is a part of company’s filings submitted to BSE
