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JK Paper Acquires 65% in Quadragen to Diversify Biz
Hindustan Times Pune
|January 31, 2025
JK Paper Ltd, a paper and packaging solutions company, has acquired Quadragen VetHealth Pvt. Ltd (QVPL) for ₹460 crore in an all-cash deal to diversify into the specialty animal health, nutrition, and feed additives business.
BENGALURU:
The transaction reflects an upfront acquisition of a 65% stake in QVPL, with the remaining expected to be bought in four years, JK Paper said in an exchange filing on Wednesday.
"This is a strategic acquisition in a promising and rapidly developing industry segment and provides a new opportunity for the company to grow," Harsh Pati Singhania, chairman and managing director at JK Paper, said in the filing.
JK Paper shares were down 6.5% at ₹356.65 apiece in late morning trade on BSE, while the Sensex was up 0.39%.
This story is from the January 31, 2025 edition of Hindustan Times Pune.
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