# JK Paper to acquire Manipal Utility Packaging Solutions for Rs 90 crore

JK Paper signed a share purchase agreement to acquire 100% of Manipal Utility Packaging Solutions for about Rs 90 crore, a maker of folding cartons, corrugated boxes and labels with four plants in India. Completion is expected within six weeks.

- Type: Acquisition
- Announced: 2023-10-16
- Where: India
- Value: $10.8M (900.0M INR)
- Status: announced
- Products: folding cartons, corrugated boxes, labels
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [JK Paper](https://endata.com/companies/694.md) (acquirer)
- [Manipal Utility Packaging Solutions](https://endata.com/companies/11101.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/companies/news/jk-paper-to-acquire-manipal-utility-packaging-solutions-for-rs-90-crore-123101600877_1.html), 2023-10-16: "JK Paper will acquire 4.07 crore equity shares representing 100 per cent of capital of MUPSPL."

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