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Aditya Birla Group to buy Terrace Bay Pulp for Rs 600 crore

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Aditya Birla group on Thursday said it is acquiring Terrace Bay Pulp Inc, a North American paper grade pulp company, for $110 million (over Rs 600 crore) and would make a further investment of over $250 million (about Rs 1,400 crore) on this company in a phased manner. This would be the group's sixth acquisition in about six months and 28th overall.

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