India's JK Paper offers to buy businesses from BILT Graphic Paper

Ballarpur Industries

05/07/2016 15:43

MUMBAI, July 5 (Reuters) - India's JK Paper Ltd  JKPA.NS  
said on Tuesday it had offered to buy two businesses that are 
part of BILT Graphic Paper Products Ltd  BILTG.UL , a subsidiary 
of Avantha Group. 
    JK Paper said in a statement the offer was non-binding and 
did not disclose financial details.    
    The two businesses are located in Ballapur and Ashti in the 
western state of Maharashtra, and make pulp, paper, paper 
boards, and other paper products, JK Paper said in the 
statement. 
 
 (Reporting by Abhirup Roy in Mumbai. Editing by Jane Merriman) 
 ((abhirup.roy@thomsonreuters.com; + 91 22 6180 7067; Reuters 
Messaging: abhirup.roy.thomsonreuters.com@reuters.net)) 
 
Keywords: JK PAPER M&A/