# JK Paper to acquire 72% stake in Borkar Packaging for Rs 235 crore

JK Paper agreed to acquire a 72% controlling stake in Goa-based folding carton maker Borkar Packaging for about Rs 235 crore ($27 million) in cash, with the remaining 28% to follow over four years.

- Type: Acquisition
- Announced: 2025-07-28
- Where: Goa, India
- Value: $27.0M (2.35B INR)
- Status: announced
- Products: folding cartons, paperboard, fluted cartons, corrugated shippers
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [JK Paper](https://endata.com/companies/694.md) (acquirer)
- [Borkar Packaging](https://endata.com/companies/13325.md) (target)

## Sources

- [vccircle.com](https://www.vccircle.com/jkpaper-to-acquire-majority-stake-in-borkar-packaging-expands-folding-carton-footprint), 2025-07-28: "The paper manufacturer said it will acquire a 72% stake in Goa-headquartered Borkar Packaging for about Rs 235 crore ($27 million) in cash consideration."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.