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Astron Paper gets nod to invest in Balaram Papers

23 Jul 2018 Evaluate

Astron Paper & Board Mill has received an approval for investment in equity shares of Balaram Papers by way of acquiring 40,35,000 Equity shares. After such investment, Balaram Papers becomes the wholly owned subsidiary company of Astron Paper & Board Mill. The Board of Directors of the company at their meeting held on July 23, 2018, approved the same.

Astron Paper & Board Mill is engaged in the manufacturing of kraft paper (paperboard or cardboard). It comes up with the eco-friendly concept and working towards goal of converting waste in to wealth.

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