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
Latest posts by The Economic Times (see all)
- Future of India more important than votes; don’t think people are fools: R K Singh to states - October 12, 2019
- How is India dealing with environmental risks and climate change? - October 11, 2019
- EESL, BSNL in 10-year pact for e-charging stations in Punjab - October 11, 2019