Ballarpur Industries raises Rs 300 cr from promoter

Ballarpur Industries today said it has raised Rs 300 crore through share sale and issue of bonds to a promoter group-- BILT Paper Holdings Ltd-- on preferential basis. The committee of directors of borrowing has alloted 4.5 crore shares at Rs 30 per share, aggregating to Rs 135 crore and 5.5 crore bonds at Rs 30, totalling to Rs 165 crore, Ballarpur Industries said in a filing to the Bombay Stock Exchange. Ballarpur Industries today said it has raised Rs 300 crore through share sale and issue of bonds to a promoter group-- BILT Paper Holdings Ltd-- on preferential basis. The committee of directors of borrowing has alloted 4.5 crore shares at Rs 30 per share, aggregating to Rs 135 crore and 5.5 crore bonds at Rs 30, totalling to Rs 165 crore, Ballarpur Industries said in a filing to the Bombay Stock Exchange.