JK Paper has received approval for acquisition of Manipal utility Packaging Solutions. Pursuant to approval of the Board of Directors, the company is entering into share purchase Agreement with Manipal utility packaging solutions and its Promoters/Shareholders. The said acquisition is in synergy with long-term strategic objective of the company and its subsidiaries in packaging business.
The Acquisition of 100% of equity shares of the target entity by the company is expected to be completed within Six weeks of execution of a Share Purchase Agreement (SPA) with the target entity and its Promoters/Shareholders. The Board of Directors of the company at its meeting held on October 16, 2023, has approved the same.
JK Paper is the leading player in Office papers, Coated papers and Packaging boards.
