JK Paper Ltd. (BSE:532162) made a non binding offer to acquire two business units in Ballapur and Ashti in Maharashtra from BILT Graphic Paper Products Limited on July 5, 2016. The offer is subject to customary conditions, due diligence, finalization and execution of definitive agreement, corporate and regulatory approvals. The offer has been made as per decision taken by committee of Directors of JK Paper Ltd. at its meeting. JK Paper provided a tentative offer and draft sheet for the acquisition.