Acquisitions11 Jun 2026, 09:01 pm
JK Paper Increases Stake in Borkar Packaging to 87.36%
AI Summary
JK Paper Ltd has increased its shareholding in Borkar Packaging Private Limited (BPPL) by acquiring an additional 15.40% stake. This acquisition, comprising 40,08,899 equity shares of Rs. 10 each, raises JK Paper's total ownership in BPPL to 87.36%. The transaction was completed on June 11, 2026, pursuant to the Share Purchase Subscription and Shareholders Agreement dated July 28, 2025. This move signifies JK Paper's deepening control and investment in its subsidiary.
Key Highlights
- JK Paper acquired an additional 15.40% stake in Borkar Packaging.
- Total shareholding in Borkar Packaging now stands at 87.36%.
- Acquisition involved 40,08,899 equity shares of Rs. 10 each.
- Transaction completed on June 11, 2026.
- Increases JK Paper's control over its subsidiary.
Price Impact
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