Brazilian gunmaker Taurus Armas SA has signed a joint venture with Indian steelmaker Jindal Group to produce guns in India, according to a securities filing on Monday.

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Under the agreement, Jindal will hold a 51 percent stake in the venture and Taurus the remaining shares. The deal was signed during Brazil’s President Jair Bolsonaro visit to India.

First Published:Jan 27, 2020 4:43 PM IST