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Ballarpur Industries rises on the buzz to sell its Malaysian arm

24 Apr 2017 Evaluate

Ballarpur Industries is currently trading at Rs. 19.85, up by 0.15 points or 0.76% from its previous closing of Rs. 19.70 on the BSE.

The scrip opened at Rs. 20.15 and has touched a high and low of Rs. 20.50 and Rs. 19.70 respectively. So far 5,26,409 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 21.05 on 28-Mar-2017 and a 52 week low of Rs. 12.87 on 15-Sep-2016.

Last one week high and low of the scrip stood at Rs. 20.60 and Rs. 18.90 respectively. The current market cap of the company is Rs. 1,297.94 crore.

The promoters holding in the company stood at 49.43%, while Institutions and Non-Institutions held 22.21% and 28.36% respectively.

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.


Ballarpur Inds. Share Price

0.89 0.00 (0.00%)
22-Jun-2023 18:01 View Price Chart
Peers
Company Name CMP
JK Paper 367.45
TN Newsprints 139.55
West Coast Paper 479.95
Emami Paper Mills 74.48
Seshasayee Paper 267.90
View more..

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