Reliance Capital Partners has sold 15 lakh shares of Maxwell Industries through the open market route. The shares were sold on an average price of Rs 49.02 valuing the transaction to Rs 7.35 crore. On the other hand, Bengal Finance & Investment has bought 8.86 lakh shares of the company at Rs 49 and OHM Investment Corporation has bought 5 lakh shares at Rs 49.05 through the open market route.
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.