Ballarpur Industries (BILT) is reportedly in talks with Chinese company Nine Dragons Paper Group to sell its Malaysian forest arm, Sabah Forest Industries, in a $350-million deal.
Negotiations have been ongoing. There have been issues like valuation mismatch but these are likely to get sorted now. However, there is still no guarantee that discussions will lead to a transaction.
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.
