Ballarpur Industries has delayed its plan to sell stake in its step-down subsidiary Sabah Forest Industries Sdn Bhd, Malaysia, to Pandawa Sakti (Sabah) Sdn Bhd till March 31.
Ballarpur Industries’ arm Ballarpur Paper Holdings BV had in September signed a share sale agreement with Malaysia’s Pandawa Sakti for selling 98.08 per cent stake in Sabah Forest Industries for $500 million.
The company is planning to use the proceeds from the Sabah Forest stake sale to pare debt in some subsidiaries. The delay in stake sale notwithstanding, a surety bond worth $22.50 million issued by Pandawa Sakti to Ballarpur Paper Holdings continues to remain valid.
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.
| Company Name | CMP |
|---|---|
| JK Paper | 368.00 |
| TN Newsprints | 140.20 |
| West Coast Paper | 484.00 |
| Emami Paper Mills | 73.07 |
| Seshasayee Paper | 269.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: