JK Paper has announced the acquisition of a 72% stake in Borkar Packaging Private Limited (BPPL) for ₹234.62 crore.

BPPL, a key player in the packaging industry, specializes in folding cartons and corrugated boxes.

This strategic move aims to strengthen JK Paper's presence in the growing packaging business, aligning with its long-term objectives.

BPPL reported a consolidated turnover of ₹393.20 crore in FY24, bringing significant revenue and product portfolio enhancement to JK Paper's operations.

The deal is expected to close within 12 weeks.