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Ballarpur International Graphic Paper Holdings, a step down subsidiary of Ballarpur Industries, is evaluating and exploring options with International Finance Corporation for receiving a potential investment.
The company considers both the options of debt and/or equity in BIGPH and/or its step down subsidiaries. Any proposed investment would be subject to IFC’s management and board approval, the company said.
The company is also exploring the possibility of listing of equity shares of BIGPH at an overseas stock exchange. The company said it will issue further updates on the developments.
After hitting a high of Rs 20.2, the stock is currently hovering around Rs 19.55, up 2.9 per cent, on the NSE.
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