Sunil Pathare, Director of the company tells CNBC-TV18 that going ahead, Maxwell plans to open 100 lingerie stores in tier I and tier II cities in a span of three years from 2012
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.
Maxwell Ind has board meeting today to consider and discuss the restructuring of spinning business, reports CNBC-TV18. It touched an intraday high of Rs 21.85 and an intraday low of Rs 20.30. At 09:17 hrs the share was quoting at Rs 20.75, up Rs 0.90, or 4.53%.