Indian firm to raise $250m in Singapore IPO

Share sale scheduled in 2H, says Bloomberg.

According to a report by Bloomberg, Ballarpur Industries Ltd. (BILT), the Indian paper maker controlled by Gautam Thapar, plans to raise about $250 million in a Singapore listing of its international operations, said people with knowledge of the matter.

The company is working with Deutsche Bank AG on the deal, said the people, who asked not to be identified because the information is private. The share sale may take place in the second half, they said.

Read full report here.

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