Japan Pulp And Paper Company Limited has acquired 49% stake in Kolkata based KCT Trading Private Limited.
The acquisition will enable the JPP Group to strengthen its sales network in the Indian paper market. The sale of a minority stake to an international paper trading Company will provide KCT more cost effective and broad based sourcing opportunities, as well as the impetus to continue its growth in the Indian market.
Langham Capital acted as financial advisors to KCT Trading on this deal.
Regions Holding is planning to acquire NBFC for around $10 Mn. The PE fund has shortlisted some from the southern and western parts of the country that focus on lending to small and medium enterprises and students.