JK Paper has successfully acquired 37,28,400 equity shares representing 62.14% of paid-up share capital of Quadragen Vethealth (QVPL) within the said timelines, in accordance with the terms of the Share Purchase and Shareholders Agreement (SPSHA). Post said acquisition, QVPL has become subsidiary of the company.
The acquisition of balance 1,71,600 equity shares representing 2.86% of total paid-up share capital is expected to be completed by May 31, 2025, subject to the fulfillment of conditions as stipulated in the SPSHA.
JK Paper is the leading player in Office papers, Coated papers and Packaging boards.
