Brief: Pennar Industries To Form SPV With Enertech Engineering To Execute Defence Sector Orders
20/03/2018 08:17
March 20 (Reuters) - Pennar Industries Ltd PENN.NS :
* SAYS WILL FORM A SPECIAL PURPOSE VEHICLE WITH ENERTECH
ENGINEERING PVT LTD TO EXECUTE DEFENCE SECTOR ORDERS
* SAYS CO WILL HOLD 51 PERCENT OF PROPOSED SPV AND ENERTECH
WILL
HOLD 49 PERCENT STAKE
Source text: http://bit.ly/2u4wX6I
Further company coverage: PENN.NS
((Reuters.Briefs@thomsonreuters.com;))
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