Ballarpur Ind plans to list shares of BIGPH at overseas
stock exchange
27/06/2014 10:47
Ballarpur Industries, manufacturer of writing and printing paper in India, on Friday said company is exploring the possibility of listing of equity shares of Ballarpur International Graphic Paper Holdings (BIGPH), a step down subsidiary of the company, at an overseas stock exchange. Further, the company informed in a filing to Bombay Stock Exchange that BIGPH is evaluating and exploring options with International Finance Corporation (IFC) for receiving a potential investment. The company aims to raise corpus from IFC, in a combination of debt and/or equity in BIGPH and/or its step down subsidiaries. Any proposed investment would be subject to IFC’s management and board approval, satisfactory documentation and satisfaction of all necessary conditions, it added. Tracking the news, shares of company were trading at Rs 19.80 apeice, up 3.94 per cent, from previous close on BSE at 11:00 hours.
27/06/2014 10:47
Ballarpur Industries, manufacturer of writing and printing paper in India, on Friday said company is exploring the possibility of listing of equity shares of Ballarpur International Graphic Paper Holdings (BIGPH), a step down subsidiary of the company, at an overseas stock exchange. Further, the company informed in a filing to Bombay Stock Exchange that BIGPH is evaluating and exploring options with International Finance Corporation (IFC) for receiving a potential investment. The company aims to raise corpus from IFC, in a combination of debt and/or equity in BIGPH and/or its step down subsidiaries. Any proposed investment would be subject to IFC’s management and board approval, satisfactory documentation and satisfaction of all necessary conditions, it added. Tracking the news, shares of company were trading at Rs 19.80 apeice, up 3.94 per cent, from previous close on BSE at 11:00 hours.
