Paper stocks have grabbed the spotlight after AP Paper Mills struck a lucrative deal with US paper and packaging company International Paper. RR Vederah, MD of BILT spoke to CNBC-TV18 about what he has made of what has been an extremely large deal that got cut in the industry.
US-based International Paper is set to buy a majority stake in Andhra Pradesh Paper Mills for about USD 257 million in cash. In an interview on CNBC-TV18, RR Vederah, managing director BILT Paper, a unit of India's largest paper maker Ballarpur Industries, said that it's an very interesting deal.