JK Paper Limited — JV/Acquisition, 29-01-2025: Acquisition

JK Paper Ltd. has approved the acquisition of a 65% stake in Quadragen VetHealth Private Limited (QVPL) for ₹769.23 per equity share, totaling approximately ₹30.02 crore. This strategic acquisition aims to expand JK Paper's presence in the rapidly growing animal nutrition sector, leveraging QVPL's expertise in manufacturing and exporting feed additives and growth promoters. With QVPL's turnover of ₹151.96 crore for FY 2023-24, the move is expected to enhance operational efficiencies and open new growth avenues. The remaining 35% stake will be acquired over the next four years, based on QVPL's performance.