BALLARPUR INDUSTRIES LTD. - Updates

With reference to the earlier letter dated October 03, 2014 wherein the Company had, interalia, informed that Bilt Paper B.V. - BPBV, a step down subsidiary of the Company, had entered into definitive Agreements with International Finance Corporation (IFC) for subscription to new shares worth US$100 million at an implied pre money valuation of US$ 600 million, Ballarpur Industries Ltd has now informed BSE that BPBV has received US$100 million from IFC and allotted shares to IFC aggregating to 14.29% shareholding in BPBV.