Maxwell Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 07, 2014, have approved the Memorandum of Understanding to be executed with M/s. Nisi Metals Private Limited for the sale of Company's 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.
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