Brief: Pennar Industries says co evaluating merger of unit Pennar Enviro into itself
19/12/2016 08:12
Dec 19 (Reuters) - Pennar Industries Ltd PENN.NS :
* Says board is evaluating the merger of its subsidiary
Pennar Enviro Ltd into Pennar Industries
* Says appointed an advisor for the merger and will be in
touch with all major stakeholders regarding this proposition
* Says Pennar Industries currently holds 51.03% of the total
equity of Pennar Enviro Ltd
Source text: http://bit.ly/2hQd9da
Further company coverage: PENN.NS
((Bangalore.newsroom@thomsonreuters.com;))
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