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BILT GRAPHIC PAPERS
Kotak Fund in talks to lend Rs 4,000 cr to Bilt Graphic PaperEdelweiss ARC had purchased the debt from the lenders of Bilt Graphic under a 15:85 structure, where it had paid 15% upfront and the remain...
BofA files Rs 715-crore anchor bid for Axis' SRs of Bilt GraphicThe SRs are from Axis Bank's 2017 assignment of ₹1,229 crore in Bilt Graphics' debt to Edelweiss Asset Reconstruction Company. As of Novemb...
IDBI MF, trustee settles case with Sebi, pays over Rs 90 lakhIn view of this event, information was sought from all the mutual funds seeking details of their exposure(s) in the debt papers of BILT.
Edelweiss ARC, Goldman Co tighten grip on Bilt GraphicSome lenders like Kotak Mahindra Bank and IDBI Bank were opposed to this infusion because they were not consulted before this decision was ...
Kotak Mahindra Bank moves NCLT against BILT unitBILT Graphic was on the so-called second list of 29 defaulting companies of RBI.
Bankrupt companies use civil justice system to delay insolvency processLegal hurdles could stall the insolvency resolution process, Uday Kotak, vice chairman of Kotak Mahindra Bank, said last week.
BILT Graphic Paper gets insolvency breather from Delhi High CourtBILT Graphic Paper, the Thapars-owned company, had moved Delhi High Court against IDBI Bank and the Reserve Bank of India after the bank in...
Lender asked to take Bilt Graphic to bankruptcy courtThe firm is part of the Avantha Group and among the 29 companies that were asked to come up with a resolution plan before December-end.
Ballarpur Industries in talks to sell Malaysian arm to China's Nine DragonsIndia’s largest maker of writing & printing paper has been in talks with Nine Dragons for some time now. Discussions are likely to lead to ...
Lenders plan debt recast of Ballarpur Industries unitA consortium of lenders led by Axis Bank have proposed to invoke the SDR at BILT Graphic Paper Products, a stepdown subsidiary of BILT, whi...
JK Paper makes offer to buy 2 units of BILT Graphic PaperThe non-binding offer (NBO) has been issued pursuant to the decision taken by the committee of directors at its meeting held today, JK Pape...
Ballarpur Industries Limited to sell Malaysian subsidiary for $500 millionSabah Forest is 98.08% is owned by Ballarpur Paper Holdings BV, a Netherlands-based investment firm in which BILT owns a 69% equity stake.
- S&P revises outlook credit ratings on Ballarpur Industries
S&P said today that it had revised its outlook on the long-term corporate ratings on India-based paper manufacturer Ballarpur.
Ballarpur Industries to simplify corporate structureBilt will transfer 2 paper units to a step-down subsidiary that will ultimately be listed overseas as the Delhi-based co bows to demands by...
- Ballarpur Industries' arm raises $200 mn in perpetual bonds
Raised at 9.75% per annum, the bonds have a call option in the fifth and 10th year, and at every distribution date thereafter.
- BILT mandates banks for $300 mn global bond sale
Ballarpur Industries Limited (BILT) has mandated RBS and HSBC to raise upto $300 million through a sale of bonds to global investors.
- Ballarpur Ind appoints JPMorgan, Citi to manage Dutch unit's listing
Avantha group flagship Ballarpur Industries (BILT) has appointed JPMorgan and Citigroup to handle the planned flotation of its Dutch unit B...
We're looking for $500 mn acquisitions: ThaparThe $3.5-billion Avantha Group is scouting for acquisitions for Crompton Greaves and BILT and will invest a further Rs 6,000 crore in its p...
- Paper Business to be hived off
Ballarpur Industries (Bilt) on Tuesday announced a mandatory equity buyback scheme for all shareholders along with a financial restructurin...
- BILT announces an equity buyback scheme
Ballarpur Industries (BILT) on Tuesday announced a mandatory equity buyback scheme for all shareholders along with a financial restructurin...