Acquisition of entire paid-up capital of PTIL

| Updated on March 10, 2011 Published on March 10, 2011

With reference to the earlier announcement dated August 19, 2010, Ballarpur Industries Ltd has informed BSE that the Company had entered into a Share Purchase Agreement with Premier Tissues India Ltd ("PTIL") and all its shareholders, for acquisition of entire paid up capital of PTIL, a Company engaged in business of manufacturing and trading of tissue paper and related products under the Brand names "Premier" and "Royal", either directly and / or indirectly.

Further, the Company has informed that, the Company has acquired entire paid up capital of PTIL.

Source : BSE - www.bseindia.com

Published on March 10, 2011
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