JK Paper diversifies into the speciality animal health business with the acquisition of Quadragen Vethealth worth INR 460 crore.
Jan 31, 2025
JK Paper Limited has acquired Quadragen Vethealth Private Limited (QVPL) in an all-cash deal worth INR 460 crore to diversify into the speciality animal health, nutrition, and feed additives business.
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As per the exchange filing, the company has an upfront acquisition of a 65% stake in QVPL, with the remaining expected to be bought in four years.
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Harsh Pati Singhania, Chairman and Managing Director at JK Paper, emphasized that this is a strategic acquisition in a promising and rapidly developing industry segment and provides a new opportunity for the company to grow.
