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Ballarpur Industries surges as its arm evaluating options with IFC to receive potential investment

27 Jun 2014 Evaluate

Ballarpur Industries is currently trading at Rs 19.35, up by 0.30 points or 1.57% from its previous closing of Rs 19.05 on the BSE.

The scrip opened at Rs 19.10 and has touched a high and low of Rs 20.25 and Rs. 18.90 respectively. So far 2175036 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs. 21.80 on 13-Jun-2014 and a 52 week low of Rs 8.90 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs 20.00 and Rs 18.10 respectively. The current market cap of the company is Rs 1271.72 crore.

The promoters holding in the company stood at 49.43% while Institutions and Non-Institutions held 32.53% and 18.04% respectively.

Ballarpur International Graphic Paper Holdings (BIGPH), a step down subsidiary of Ballarpur Industries, is evaluating and exploring options with International Finance Corporation (IFC) for receiving a potential investment 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's approval, satisfactory documentation and satisfaction of all necessary conditions. The Company is also exploring the possibility of listing of equity shares of BIGPH at an overseas stock exchange.

Ballarpur Industries is engaged in manufacturing of wide range of papers such as coated wood free, uncoated wood free, copy paper, packaging, business stationery, industrial grades and speciality and fine paper.

 

Ballarpur Inds. Share Price

0.89 0.00 (0.00%)
22-Jun-2023 18:01 View Price Chart
Peers
Company Name CMP
JK Paper 375.20
TN Newsprints 140.05
West Coast Paper 492.00
Emami Paper Mills 75.24
Seshasayee Paper 270.95
View more..

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