Andhra Pradesh Paper Mills Ltd: Updates

Andhra Pradesh Paper Mills Ltd has informed BSE that the company have received an intimation from the Promoters of the Company viz. L. N. Bangur Group holding 2,12,60,008 equity shares of Rs 10/- each representing 53.46% of the paid-up capital of the Company that they have executed an agreement on March 29, 2011 to sell their entire shareholding in the Company to I P Holding Asia Singapore Pte Ltd, a subsidiary of International Paper Company, USA.