JK Paper Ltd acquires 62.14% stake in Quadragen Vethealth Pvt Ltd

In line with the approval granted by the Board of Directors at its meeting held on 29h January 2025, the Company has successfully acquired 37,28,400 equity shares representing 62.14% of paid-up share capital of Quadragen Vethealth Private Limited (QVPL) within the said timelines, in accordance with the terms of the SPSHA. Post said acquisition, QVPL has become subsidiary of the Company.

The acquisition of balance 1,71,600 equity shares representing 2.860/o ol total paid-up share capital is expected to be completed by 31st May 2025, subject to the fulfillment of conditions as stipulated in the SPSHA.

Shares of JK Paper Limited was last trading in BSE at Rs. 344.25 as compared to the previous close of Rs. 335.75. The total number of shares traded during the day was 41288 in over 1090 trades.

The stock hit an intraday high of Rs. 344.60 and intraday low of 334.00. The net turnover during the day was Rs. 14099703.00.

Source : Equity Bulls

Keywords

JKPaper INE789E01012 StakeAcquisition QuadragenVethealth