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Bilt to pursue USD 330-mn LSE listing next financial year

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BILT will pursue its USD 330-million IPO plans at the London Stock Exchange (LSE) in the next financial year, after completing its ongoing expansion projects. The company had put on hold IPO plans of its UK subsidiary in April when International Paper announced acquisition of Andhra Pradesh Paper Mills at USD 423 million. “The current market condition is not conducive...

BILT set to get Rs 300 cr boost

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The promoter group of Ballarpur Industries (BILT) is pumping in around Rs 300 crore in the firm to strengthen the balance sheet and provide funds to repay overseas investors, a top company executive said. Overseas investors own foreign currency convertible bonds (FCCBs) worth $52 million that is coming up for redemption in July this year....