November 25, 2019 / 11:26 AM / 19 days ago

Brazil gunmaker Taurus Armas extends Jindal talks on possible India JV

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

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