# JK Paper acquires majority stake in Borkar Packaging for INR 235 crore

JK Paper Limited acquired a 72% equity stake in Borkar Packaging Private Limited for INR 235 crore in a first tranche, with further tranches to reach 100% within four years. The deal, advised by Shardul Amarchand Mangaldas, is part of JK Paper's push into folding cartons; the article is dated 12 November 2025.

- Type: Acquisition
- Announced: 2025-11-12
- Where: India
- Value: $26.7M (2.35B INR)
- Status: completed
- Products: folding cartons, paper packaging
- 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

- [amsshardul.com](https://www.amsshardul.com/shardul-amarchand-mangaldas-co-advises-jk-paper-limited-on-its-acquisition-of-borkar-packaging-private-limited/), 2025-11-14: "The transaction is a part of JK Paper's inorganic growth strategy to strengthen its capabilities in the folding cartons space and a step towards strengthening its position in the broader paper packaging landscape."

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