Ballarpur Industries Shares Surge On JK Paper's Offer

Shares of Ballarpur Industries and JK Paper were in spotlight today in an otherwise flat market. Ballarpur Industries, the flagship company of Gautam Thapar-led Avantha Group, is India's biggest manufacturer of writing and printing paper. JK Paper after market hours on Tuesday had announced that it has made a non-binding offer to acquire two units of Ballarpur Industries' subsidiary, BILT Graphic Paper Products.  The offer is for a...