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Maxwell Industries completes sale of processing unit at SIPCOT

20 Sep 2016 Evaluate

Maxwell Industries has completed the transaction of sale of processing unit at SIPCOT, Erode, Tamil Nadu by receiving balance consideration of Rs 4.34 crore on September 19, 2016. The consideration for this transaction was Rs 4.44 crore, as per the terms and condition set out in the Business Transfer Agreement.

Maxwell Industries is leading Indian company engaged in manufacturing and marketing of innerwear. They are well-known manufacturers of brands like VIP Innerwear, Frenchie, Frenchie X, and VIP Feelings and all of their sub brands.

Peers
Company Name CMP
Vardhman Textiles 496.70
Welspun Living 215.30
Arvind 500.80
Raymond Lifestyle 500.75
K.P.R. Mill 1042.55
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