Premier Explosives Ltd enters into MoU with Global Munition ltd

Premier Explosives Limited has entered into a Memorandum of Understanding (MOU) with Global Munition Limited, a subsidiary of NIBE Ordnance and Maritime Limited (NIBE Group Company), to set-up a joint venture to manufacture Defence and Aerospace products. In proposed joint venture, Global Munition Limited and Premier Explosives Limited will hold equity in the ratio of 51:49.

Source : Equity Bulls

Keywords

PremierExplosives MoU GlobalMunition NIBEOrdnanceandMaritime JV