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Tag : Pundumjee

International Paper : First Company to Enter Indian Territory through APPM Acquisition

Manik Seth
In a move which is being noticed by the global paper industry, International Paper made the first acquisition by an overseas company in India by acquiring Andhra Pradesh Paper Mills Ltd (APPM). IP has entered into agreements with Mr. L.N. Bangur, and related family members and affiliates to purchase approximately 53.5 percent of the outstanding shares of Andhra Pradesh Paper
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