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A step-down Dutch subsidiary of Ballarpur Industries — Ballarpur International Graphic Paper Holdings (BIGPH) — is evaluating and exploring options with International Finance Corporation for receiving a potential investment.
The company is also exploring the possibility of listing of equity shares of BIGPH at an overseas stock exchange. The company said it will issue further updates on the developments. IFC is a financial lending arm of the World Bank group. Any proposed investment would be subject to IFC’s management and board approval, the company informed the stock exchanges.
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