Gautam Thapar-controlled Ballarpur Industries BSE 0.00 % (BILT) is in talks with Chinese giant Nine Dragons Paper Group to sell its Malaysian forest arm, Sabah Forest Industries, in a $350-million deal, said three people with direct knowledge of the matter.
Reviving efforts to divest what was once a crown jewel is yet another attempt by the company to deleverage the BILT balance sheet.
BILT, India’s largest maker of writing and printing paper, has been in talks
Credit By: Economictimes.indiatimes
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