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BILT Defers Selling of Malaysian Forest Arm Sabah Forest Industries

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BILT expects to receive a net USD 350 million from the divestment March 15, 2016 With Gautam Thapar’s Ballarpur Industries (BILT) yet to sell its Malaysian forest arm, anxious banks are trying to figure out how the company will arrange funds to clear more than Rs 850 crore commercial papers......