Link: BILT in talks with banks to raise funding
(New Delhi, February 13, 2017) The debt-laden Ballarpur Industries Ltd (BILT) is in advanced stage of talks with banks for various options, including infusion of private equity funding, for itself and its subsidiaries, Live Mint reports. BILT is reported to be saddled with an estimated consolidated debt of over Rs6,000 crore.
An earlier Live Mint report dated Jan. 23, 2017, quoting unnamed sources had said that Bilt Graphic Paper Products Ltd (BGPPL), a unit of Ballarpur Industries Ltd (BILT), was in talks to raise around Rs400 crore from Deutsche Bank and Goldman Sachs India in a structured credit transaction.
To read more Go To “BILT says in advanced talks with banks for funding” dated Feb. 13, 2017.
To read more Go To “Bilt Paper parent in talks to raise about Rs400 crore” dated January 23, 2017. (Source: Livemint.com)