Ballarpur International Graphic Paper Holdings, a step down subsidiary of Ballarpur Industries, is evaluating and exploring options with International Finance Corporation for receiving a potential investment from IFC, in a combination of debt and/or equity in BIGPH and its step down subsidiaries.

Any proposed investment would be subject to IFC's management and board approval, satisfactory documentation and satisfaction of all necessary conditions, the company said.

The company is also exploring the possibility of listing of equity shares of BIGPH at an overseas stock exchange.

Shares of the company gained Rs 0.5, or 2.57%, to trade at Rs 19.95. The total volume of shares traded was 1,721,229 at the BSE (10.52 a.m., Friday).