JK Paper Limited has successfully acquired a majority stake in Quadragen Vethealth Private Limited (QVPL), marking a strategic diversification into the specialty animal health and nutrition sector.
🔹 Acquisition Overview
Stake Acquired: 62.14% of QVPL’s equity shares, totaling 3,728,400 shares.
Acquisition Date: April 22, 2025.
Remaining Stake: An additional 2.86% (171,600 shares) is expected to be acquired by May 31, 2025, subject to conditions outlined in the Share Purchase and Shareholders’ Agreement (SPSHA).
Total Deal Value: ₹460 crore in an all-cash transaction.
With this acquisition, QVPL becomes a subsidiary of JK Paper, expanding the company’s portfolio beyond paper and packaging into the growing animal health industry.
🔹 Strategic Rationale
Quadragen Vethealth, based in Bengaluru, specializes in manufacturing and exporting animal nutrition products, including feed additives and growth promoters. This move allows JK Paper to diversify its business operations and tap into a rapidly developing sector.
Harsh Pati Singhania, Chairman and Managing Director of JK Paper, stated, “This is a strategic acquisition in a promising and rapidly developing industry segment and provides a new opportunity for the company to grow.
🔹 Previous Acquisitions
This acquisition marks JK Paper’s fourth in the past 2.5 years, following previous acquisitions such as Radhesham Wellpack Pvt. Ltd and Manipal Utility Packaging Solutions Pvt. Ltd.
🔹 Financial Impact
Following the announcement, JK Paper’s shares experienced a decline of 6.5%, trading at ₹356.65 on the BSE, while the Sensex was up 0.39%.
