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West Coast Paper buys 55% stake at International Paper APPM

Rajendra Jain, ED and CFO of West Coast Paper, said that the company has on Wednesday signed an acquisition deal with International Paper APPM. The company is set to acquire 55% stake at Rs 275/share, amounting to Rs 656 crore. Jain added that once the process is complete the combined capacity will be around 4.6 lakh tonne per year.