JK Paper is acquiring a 72% stake in Borkar Packaging for INR 235 crore, bolstering its folding carton and packaging capacity.
Jul 29, 2025
JK Paper Limited has announced plans to acquire a 72% stake in Borkar Packaging Private Limited, a premier folding carton and corrugated box manufacturer headquartered in Goa. The deal is priced at INR 125.46 per equity share, totaling approximately INR 235 crore in cash consideration.
Watch: In Pursuit of Lesser Water Footprint
JK Paper intends to acquire 65.7% from existing shareholders and subscribe to fresh equity for the remaining portion. Completion is expected within 12 weeks, with the balance 28% stake set to be acquired over the next four years.
Also Read: Kruger to Invest Up to USD 700 Million in Corner Brook Mill Modernization
Borkar Packaging reported a turnover of INR 393.20 crore in FY 2023-24, down slightly from INR 404.61 crore the previous year. This acquisition will elevate JK Paper among the top three players in the fast-growing folding carton segment and reinforce its presence in tertiary packaging.
