To use proposed invesments to prepay existing debts
Ballarpur Industries announced that the Board of International Finance Corporation (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.
The proposed investments will predominantly be used to prepay some of the existing debts.
Meanwhile, Bilt Paper B.V. - BPBV (formerly known as Ballarpur International Graphic Paper Holdings), a step down subsidiary of the Company, is also exploring the possibility of listing of its shares at an overseas stock exchange.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app