JK Paper Increases Stake in Quadragen Vethealth to 72%

JK Paper Ltd has announced an update on its acquisition of Quadragen Vethealth Private Limited (QVPL). Following a Share Purchase and Shareholders' Agreement dated January 29, 2025, the company acquired 3,27,604 equity shares, representing 5.46% of QVPL's paid-up capital. JK Paper is also in the process of acquiring an additional 92,396 equity shares, representing 1.54%. Upon completion, JK Paper's total shareholding in QVPL will rise to 72.00%. This move signifies a significant increase in JK Paper's control and investment in its subsidiary.