JK Paper to raise QVPL stake to 72% through share purchase
- Mergers & acquisitions
- Paper And Paper Products
Reviewed byKeshav SehgalBlacklitt Research
JK Paper (NSE: JKPAPER) has acquired 5.46% of Quadragen Vethealth Private Limited (QVPL) and is buying a further 1.54%, which would take its holding to 72.00%, it said in a filing on 04 Nov 2026. The acquisitions follow a Share Purchase and Shareholders' Agreement dated 29 Jan 2025.
Shares acquired and still to be acquired
The company has acquired 3,27,604 equity shares of ₹10 each in QVPL, representing 5.46% of QVPL's paid-up share capital. It is in the process of acquiring a further 92,396 shares of the same face value, representing 1.54%.
On completion of both steps, the company's shareholding in QVPL will be 72.00% of QVPL's total paid-up share capital.
What the filing describes and what it leaves out
The filing describes QVPL only through the shareholding figures. It does not describe QVPL's business, its size, or whether it is a subsidiary of JK Paper, and it does not say how the change affects the company's wider business.
What the QVPL update means for JK Paper's shareholders
The update concerns a larger holding in QVPL, which the filing says will reach 72.00% once the remaining shares are acquired. The filing does not state the price paid or the total consideration, the expected completion date of the further 92,396 shares, or the reason for the acquisition and its expected effect on results. The next step named in the filing is the completion of the further purchase, with no date given.
At a glance
| Item | Detail |
|---|---|
| Agreement | Share Purchase and Shareholders' Agreement dated 29 Jan 2025 |
| Shares acquired | 3,27,604 equity shares of ₹10 each (5.46%) |
| Shares in process | 92,396 equity shares of ₹10 each (1.54%) |
| Holding after completion | 72.00% of QVPL's paid-up share capital |
| Event date | 04 Nov 2026, 12:12 PM |
Filed with BSE on . Reference: Original filing (PDF)
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