SAO PAULO (Reuters) - Brazilian gunmaker Taurus Armas SA (TASA3.SA) said on Monday it is extending for six months its memorandum of understanding (MoU) with Indian steelmaker Jindal Group on a possible joint venture in India.
In a securities filing, the company added the extension marks an “important progress” in negotiations with Jindal.
Reporting by Gabriela Mello; editing by Jason Neely
