Brief: Bharat Gears Board Defers Proposal Of Acquisition Of XDIL

Bharat Gears

15/11/2019 09:53

Nov 15 (Reuters) - Bharat Gears Ltd  BGRS.NS :
    * BOARD DEFERS PROPOSAL OF ACQUISITION OF XDIL DUE TO
ADVERSE
MARKET CONDITIONS
    * BOARD TO FURTHER CONCENTRATE ON COST CUTTING MEASURES TO
OVERCOME PROLONG SUBDUED MARKET
    * BOARD MAY RE-CONSIDER SAID PROPOSAL IN FUTURE AS AND WHEN
MARKET
CONDITIONS GETS IMPROVED

Source text for Eikon:  ID:nBSE494Jsw 
Further company coverage:  BGRS.NS 

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