Ballarpur Industries

Lenders to troubled Ballarpur Industries to meet on January 18

The company's net worth is negative as on the reporting date, and it continues to incur heavy losses

Ripples of US tariffs hurt Ballarpur Industries

Losses of domestic paper makers have jumped 5 times in 12 months

Ballarpur Ind subsidiary gets plant buyout offer from JK Paper

Avantha group firm Ballarpur Industries today said its subsidiary has received a tentative offer and draft term sheet from J K Paper for acquisition of two of its facilities. In a BSE filing, Ballarpur Industries said "material subsidiary of the company, viz BILT Graphic Paper Products Ltd (BGPPL) has received a tentative offer and draft term sheet for acquisition of the Ballarpur unit and Ashti unit of BGPPL from JK Paper Ltd (JKPL) pursuant to the non-binding offer letter dated July 5, 2016." It further said: "BGPPL is reviewing the terms and conditions of the same". However, the company added that the period for exclusivity to not enter into negotiations with or enter into transactions, arrangements with anyone other than JKPL in relation to the potential transaction or any transfer or disposal of any part of the Ballarpur Unit and Ashti Unit under the NBO expired on October 20, 2016. On July 5, JK Paper said it offered to acquire two facilities of BILT Graphic Paper Products ..

Avantha pays the price for gamble on growth

Ballarpur and Asthi, its two oldest paper mills, are the latest in a series of assets the group has put on the block to pull itself out of its debt spiral

BILT's $500-mn deal to sell Malaysian arm falls through

The company had announced the transaction in September last year to reduce its debt worth Rs 6,300 crore