Indian printing and writing paper manufacturer BILT Paper Plc revealed its plans to apply for a listing on the London Stock Exchange (LSE). The company expects the flotation on the main market of LSE to raise about $330m from the issue of new shares. According to BILT paper, IPO proceeds are to be used for financing expansion plans in the pulp and paper business as well as to reduce the company's indebtness. BILT paper runs a total of four mills in India and Malaysia with a total capacity of 250,000 tpy of hardwood pulp, 99,000 tpy of rayon and 760,000 of UWF and CWF paper.
BILT Paper Plc eyes LSE listing
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