JK Paper is reportedly raising about $50 million from the World Bank’s private sector lending arm International Finance Corporation (IFC). The World Bank’s arm will not only buy secured non-convertible debentures (NCDs) sold by JK Paper, but also help the company to improve its productivity & restructure its balance sheet. In 2006, IFC invested about Rs 50 crore for a 10% stake in JK Paper.
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.
