RPT-UPDATE1-India Mahindra arm to bid for $3.5 bln defence deals

Newswire

(Repeats story issued late on Monday) * Eyes acquisitions to boost market share * Joint venture with BAE Systems to commence from Dec 1 * To boost revenues to $430 mln by 2016 through tie ups (Updates with details, quotes) By Bappa Majumdar NEW DELHI, Nov 23 (Reuters) - The defence systems unit of India's top vehicle maker Mahindra & Mahindra will bid for domestic defence projects worth $3.5 billion over the next seven years, its chief executive said on Monday. "Most of them ...

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