JK Paper has entered into Share Purchase and Shareholders’ Agreements (SPSHAs) for the acquisition of 85% shares of Horizon Packs (HPPL) and Securipax Packaging (SPPL), and the balance 15% within a period of 3 years as per the respective SPSHAs.
HPPL and SPPL together are India’s largest Corrugated Packaging manufacturers with seven plants across the country. In FY 2021-22, HPPL and SPPL had a consolidated Revenue of Rs 832 crore. Corrugated Packaging is a rapidly growing segment in the Indian Paper & Packaging industry driven by growth in end-use industries such as Food & Beverage, FMCG, etc.
JK Paper is one of the most respected paper companies in India today.
| Company Name | CMP |
|---|---|
| JK Paper | 375.20 |
| TN Newsprints | 140.05 |
| West Coast Paper | 492.00 |
| Emami Paper Mills | 75.24 |
| Seshasayee Paper | 270.95 |
| View more.. | |
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