Brief: Meidensha to raise stake in India firm Prime Meiden Limited to 60 pct
02/06/2016 08:46
June 2 (Reuters) - Meidensha Corp 6508.T :
* Says it will buy 43.0 million shares of a India-based firm
Prime Meiden Limited from its parent company PCI Limited
* Says transaction effective June 30
* Says acquisition price is 3.07 billion yen in total
* Says the company will increase stake in Prime Meiden
Limited to 60 percent, up from 23 percent, after the acquisition
Source text in Japanese:https://goo.gl/8Ip7mJ
Further company coverage: 6508.T
(Beijing Headline News)
((Beijing.HeadlineNews@thomsonreuters.com; +86 10 62674724;
Reuters Messaging: jun.cao.reuters.com@reuters.net))
Keywords: /BRIEF