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JK Paper Acquires 65% in Quadragen to Diversify Business
Mint Bangalore
|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.
This story is from the January 31, 2025 edition of Mint Bangalore.
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