Acquisitions16 Oct 2023, 10:39 pm
JK Paper Ltd. Acquires Manipal Utility Packaging Solutions Private Limited
AI Summary
JK Paper Ltd., one of India's largest paper and packaging solutions companies, has acquired 100% shares of Manipal Utility Packaging Solutions Private Limited (MUPSPL) for Rs. 147.77 crores in FY 2022-23. The acquisition is in line with the company's long-term strategic objective in the packaging business and will offer combined solutions to customers, improve operational efficiencies, and ensure that MUPSPL grows and adds value to stakeholders.,
Key Highlights
- JK Paper Ltd. acquires Manipal Utility Packaging Solutions Private Limited
- Rs. 147.77 crores revenue in FY 2022-23
- Long-term strategic objective in the packaging business
- Combined solutions for customers
- Improved operational efficiencies
- Growth and value addition for stakeholders