India's Premier Explosives jumps on JV for defence and aerospace products

Premier Explosives

16/12/2024 04:07

** Shares of Premier Explosives  PRMR.NS  rise to an
exchange-allowed maximum of 10% to 567.60 rupees
    ** The explosives maker enters into memorandum of
understanding with Global Munition to set up a joint venture for
defence and aerospace products 
    ** PRMR will hold a 49% stake in proposed JV and Global
Munition to hold the remaining 51%
    ** PRMR up ~79% YTD

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))