March 20, 2018 / 8:22 AM / 3 months ago

BRIEF-Pennar Industries To Form SPV With Enertech Engineering To Execute Defence Sector Orders

March 20 (Reuters) - Pennar Industries Ltd:

* 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: bit.ly/2u4wX6I Further company coverage:

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