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24-04-2014, 04:41 PM
Indian companies also coming to SGX for listing...
Ballarpur said to prepare $314 mil IPO of unit in Singapore: Update
Ballarpur Industries, the Indian paper maker controlled by Gautam Thapar, plans to raise about US$250 million ($314 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.
Ballarpur Industries is pursuing an IPO of the business as it seeks to cut debt that swelled to 52.1 billion rupees ($1.07 billion) by the end of December, from 38.8 billion rupees in June 2011, data compiled by Bloomberg show. The company said this month that it’s considering options for fundraising, without providing specifics.
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http://www.theedgesingapore.com/the-dail...pdate.html#
Ballarpur said to prepare $314 mil IPO of unit in Singapore: Update
Ballarpur Industries, the Indian paper maker controlled by Gautam Thapar, plans to raise about US$250 million ($314 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.
Ballarpur Industries is pursuing an IPO of the business as it seeks to cut debt that swelled to 52.1 billion rupees ($1.07 billion) by the end of December, from 38.8 billion rupees in June 2011, data compiled by Bloomberg show. The company said this month that it’s considering options for fundraising, without providing specifics.
...
http://www.theedgesingapore.com/the-dail...pdate.html#
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