Ballarpur Industries’ step down subsidiary Bilt Paper BV (BPBV) has received $100 million from IFC and allotted shares to IFC aggregating to 14.29% shareholding in BPBV. The company had earlier on October 03, 2014 entered into definitive agreements with International Finance Corporation (IFC) for subscription to new shares worth $100 million at an implied pre money valuation of $600 million.
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.
