JK Paper Limited has informed the Exchange about Acquisition update
JKPAPER · price
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Awaiting price reaction for this filing.
JK Paper Limited has completed the acquisition of an additional 20% stake in Radhesham Wellpack Private Limited (RWPL) for Rs. 32.55 crore, involving 25,000 equity shares of Rs. 100 each. This is a follow-up to the original agreement signed on 13th December 2024. After this purchase, JK Paper's total shareholding in RWPL has risen to 80%, giving it a controlling majority stake. The deal was executed under the terms of the Share Purchase and Shareholders' Agreement.
Strengthens JK Paper's control over RWPL as a subsidiary, which may support consolidated revenue and earnings going forward. The Rs. 32.55 crore outflow is relatively modest, so limited impact on the stock is expected, but it signals continued expansion in the packaging business.