IFC acquires 9% stake in AP Paper Mills

 According to a release issued by Andhra Pradesh Paper Mills to the NSE today, IFC has acquired 22,88,421 equity shares of the total paid up capital of the company on September, 21. "The mode of acquisition is through renunciation of rights," the release added.

 Digvijay Investments has acquired 12,37,566 shares, aggregating to 5.20% of the total share capital of Andhra Pradesh Paper Mills, on September 23, the release said.