Shareholders okay BGPL, Bilt merger
Move expected to enhance Bilt’s quality of operations
Shareholders have okayed the merger of Bilt Graphic Papers Ltd (BGPL) with Ballarpur Industries Ltd (Bilt). Final orders for the merger are pending with the respective high courts, subject to the conclusion of necessary formalities. The merger will incorporate the business and the assets and liabilities of BGPL with those of Bilt.
The move is expected to enhance the quality of operations of Bilt by adding multi-dimensional strengths. The company is the largest paper company in India and is ranked among the top 100 in the world.
