BALLARPUR INDUSTRIES LTD. - Updates
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| 03 Sep 2014 | |
| With reference to the earlier announcement dated June 27, 2014 regarding Bilt Paper B.V. - BPBV (formerly known as Ballarpur International Graphic Paper Holdings), a step down subsidiary of the Company, is evaluating and exploring options with International Finance Corporation ("IFC") for receiving a potential investment from IFC, in a combination of debt and/or equity in BPBV and/or its step down subsidiaries.<br/><br/>Ballarpur Industries Ltd has now informed BSE that the Board of IFC has approved investment comprising a combination of an equity investment of up to US$100 million and Long Term Loans of up to US$150 million. The proposed investments would be subject to satisfactory documentation and satisfaction of all necessary conditions of IFC.<br/><br/>The proposed investments will predominantly be used to prepay some of the existing debts.<br/><br/>As earlier informed, BPBV is also exploring the possibility of listing of its shares at an overseas stock exchange.<br/><br/>The Company will provide further updates if and when necessary. | |
| View all announcements for BALLARPUR INDUSTRIES LTD. | Source: BSE India |
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