BALLARPUR INDUSTRIES LTD. - Clarification from Ballarpur Industries Ltd
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| 25 Apr 2014 | |
| The Exchange had sought clarification from Ballarpur Industries Ltd with respect to the news item in the Media (CNBC Exclusive on April 23, 2014 at around 2:00 p.m.) stating that, "Ballarpur Industries Limited Said to Plan $250mn Singapore IPO for its International Business".<br/><br/>Ballarpur Industries Ltd has replied as under:<br/><br/>"The Company had previously disclosed to the Stock Exchange on November 12, 2013 that its step down subsidiary, Ballarpur International Graphic Paper Holdings B.V. had constituted a Committee of Directors to explore and evaluate various fund raising options (fresh equity capital through international listings and/or private equity), and to submit its recommendations to board of BIGPH and BILT.<br/> <br/>The Board of Directors of the Company and its subsidiaries will take a decision as and when it receives final recommendations of the Committee of Directors. The Company shall then make appropriate disclosure in accordance with applicable laws." | |
| View all announcements for BALLARPUR INDUSTRIES LTD. | Source: BSE India |
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