Ballarpur Industries’ wholly owned subsidiary, Ballarpur International Holdings B.V. (BIH) based on pre-money valuation of $ 1 billion has divested part of its stake in Ballarpur International Graphic Paper Holdings B.V. (BIGPH). Consequently, the equity stake of BIH and two private equity investors stands revised to 72.30% and 18.61%, respectively.
Earlier, Ballarpur Industries through its wholly owned subsidiary, Ballarpur International Holdings B.V. held 79.53% equity stake in Ballarpur International Graphic Paper Holdings B.V. and the balance 20.47% stake was held by two private equity investors’ viz. JPMorgan Mauritius Holdings VII and Lathe Investments, a wholly owned subsidiary of GIC of Singapore.
On consolidated basis, the Group’s net profit for the quarter ended March 31, 2011 was up by 10.15% at Rs 60.63 crore whereas the same was at Rs 55.04 crore for the similar quarter of the previous fiscal. Group’s total income for quarter registered growth of 12.54% at Rs 1169.15 crore compared to Rs 1038.84 crore for the corresponding quarter of the last year.
On standalone basis, the company’s net profit for the quarter ended March 31, 2011 declined by 25.38% at Rs 9.32 crore compared to Rs 12.49 crore for the quarter ended March 31, 2010. Total income has declined by 3.78% at Rs 261.37 crore for the quarter, whereas the same was at Rs 271.64 crore for the corresponding quarter of March 31, 2010.
Company Name | CMP |
---|---|
JK Paper | 354.55 |
TN Newsprints | 270.75 |
West Coast Paper | 626.70 |
Emami Paper Mills | 110.20 |
Andhra Paper | 520.90 |
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