JK Paper has made a non-binding offer to acquire two units of BILT Graphic Paper Products (BGPPL). The offer is for acquiring BGPPL's units at Ballarpur and Asthi in Maharashtra, which manufacture pulp, paper, paper boards and other paper products. This non-binding offer is preliminary and subject to customary conditions, including but not limited to initiation and completion of satisfactory due diligence, finalisation and execution of definitive agreements and receipt of applicable corporate and regulatory approvals.
JK Paper is engaged in paper manufacturing business. The company is India’s largest producer of branded papers is a leading player in the printing and writing segment.
