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JK Paper Acquires 65% in Quadragen to Diversify Business
Mint Kolkata
|January 31, 2025
JK Paper Will Enter into the Specialty Animal Health, Nutrition, and Feed Additives Business via the ₹460 Crore Deal
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.
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.
यह कहानी Mint Kolkata के January 31, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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