MUMBAI JK Paper Ltd said on Tuesday it had offered to buy two businesses that are part of BILT Graphic Paper Products Ltd, a subsidiary of Avantha Group.
JK Paper said in a statement the offer was non-binding and did not disclose financial details.
The two businesses are located in Ballapur and Ashti in Maharashtra, and make pulp, paper, paper boards, and other paper products, JK Paper said in the statement.
(Reporting by Abhirup Roy in Mumbai. Editing by Jane Merriman)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Published Date: Jul 05, 2016 11:45 pm | Updated Date: Jul 05, 2016 11:45 pm