BALLARPUR INDUSTRIES LTD.

BALLARPUR INDUSTRIES LTD. - Updates

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08 Feb 2016
With reference to the earlier letter dated February 05, 2016 wherein the Company had informed that M/s. Pandawa Sakti (Sabah) Sdn. Bhd., Malaysia (Purchaser) is in the process of issuing an additional performance guarantee for USD 10 Million (over and above the USD 12.50 Million performance guarantee issued earlier) as further commitment for extension of long stop date upto February 29, 2016 for purchase of entire equity stake of 98.08% in Sabah Forest Industries Sdn. Bhd., Malaysia (SFI) from Ballarpur Paper Holdings B.V. (BPH), a step down subsidiary of the Company and holding company of SFI.<BR><BR>Ballarpur Industries Ltd has now informed BSE that the aforesaid performance guarantee of USD 10 Million has been executed in favour of BPH and the long stop date has been extended upto February 29, 2016.
View all announcements for BALLARPUR INDUSTRIES LTD.	Source: BSE India

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