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Spinning not our main focus, just backup plan: Maxwell Inds

R Venkatraman, VP of Finance from Maxwell Industries, in an interview with CNBC-TV18's Sonia Shenoy and Ekta Batra, said that the company realised that the spinning business was not a part of their core activity.

June 06, 2011 / 17:34 IST
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Maxwell Industries sold off their spinning business for Rs 40 crore. The stocks did not react too well to the news, considering that the revenue has been around Rs 40 crore for the spinning business in FY11.


R Venkatraman, VP of Finance from Maxwell Industries, in an interview with CNBC-TV18
TAGS: #Business #garmenting unit #hosiery #knitting and socks manufacturing unit #Maxwell Industries #R Venkatraman #spinning business #VP of Finance
first published: Jun 6, 2011 03:16 pm

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