Brief: Subros Enters MoU To Acquire Zamil Air Conditioners India's Certain Assets

Subros

28/03/2019 08:21

March 28 (Reuters) - Subros Ltd  SUBR.NS :
    * ENTERED INTO MOU WITH ZAMIL AIR CONDITIONERS INDIA TO
ACQUIRE
ZAMIL'S CERTAIN ASSETS RELATING TO MANUFACTURE OF HOME AIR
CONDITIONING SYSTEMS
    * SAYS CO WILL CREATE CAPACITY OF 500,000 UNITS PER YEAR AND
ALSO
EXPAND ITS SUPPLY OF HOME AIR CONDITIONING UNITS TO VARIOUS
OEM'S
    * TRANSACTION EXPECTED TO BE COMPLETED DURING APRIL, 2019

Source text: http://bit.ly/2FHf7uk
Further company coverage:  SUBR.NS 

 ((Reuters.Briefs@thomsonreuters.com;))