JK Paper's stand at Pack Plus 2024. JK Paper is a maker of branded copier paper, coated paper and packaging boards
Photo- PSA
JK Paper, a maker of branded copier paper, coated paper, and packaging boards, has increased its stake in Goa-headquartered Borkar Packaging to 87.36% by acquiring an additional 15.40% equity, strengthening its presence in the premium folding carton and packaging segment, the financial media reported.
The transaction, involving 4,008,899 equity shares, was completed on 11 June 2026, in accordance with the Share Purchase, Subscription, and Shareholders Agreement dated July 28, 2025. The shares were acquired at a face value of ₹10 each, raising JK Paper’s stake from 71.96% to 87.36%.
This transaction follows the initial agreement signed on July 28, 2025, and aligns with JK Paper’s inorganic growth strategy, enabling a shift toward high-margin corrugated and carton packaging solutions.
The move underscores JK Paper’s commitment to expanding its packaging business and consolidating its subsidiary, reinforcing investor confidence in its growth plans.
This marks JK Paper’s fifth acquisition in the carton and corrugated packaging sector in recent years. The company, part of the Singhania family-led JK Group, had previously acquired Horizon Pack, Securipax Packaging, Manipal Utility, and Radheshyam Wellpack.
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