BALLARPUR INDUSTRIES LTD.

BALLARPUR INDUSTRIES LTD. - Updates

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02 Mar 2016
With reference to the earlier letter dated February 05 & 08, 2016, Ballarpur Industries Ltd has now informed BSE that the long stop date for sale of entire equity stake of 98.08% in Sabah Forest Industries Sdn. Bhd., Malaysia (SFI) by Ballarpur Paper Holdings B.V. (BPH), a step down subsidiary of the Company and holding company of SFI to M/s Pandawa Sakti (Sabah) Sdn. Bhd., Malaysia (Purchaser) pursuant to the Share Sale Agreement, has been extended upto March 31, 2016, based on satisfactory discussions & written request of the Purchaser.<BR><BR>Further, the performance guarantees of USD 22.50 Million executed in favour of BPH with respect to aforesaid transaction continue to be valid.
View all announcements for BALLARPUR INDUSTRIES LTD.	Source: BSE India

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