JK Paper provides update on non-binding offer to BILT Graphic Paper Products

For acquisition of two units

JK Paper announced that subsequent to its non-binding offer to BILT Graphic Paper Products (an Avantha Group company), the company has since submitted a tentative offer and draft term sheet to BGPPL regarding the proposed acquisition of two units of BGPPL located at Ballarpur and Ashti in Maharashtra which manufacture pulp, paper, paper boards and other paper products.

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