CosmicTaco

JK Paper Acquires Majority Stake in QVPL to Enter Animal Nutrition Sector

CosmicTaco · 2025-01-30T15:04:01.337939+05:30

- JK Paper will acquire a 65% stake in Quadragen Vethealth Private Ltd (QVPL) upfront, with the remaining 35% to be acquired over four years. - The acquisition aligns with JK Paper's strategy to diversify into the high-growth animal nutrition sector, expanding its product portfolio. - Despite the strategic move, JK Paper's stock fell 6.05% following a 72% YoY decline in net profit for the December quarter. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/jk-paper-forays-into-animal-nutrition-to-acquire-quadragen-vethealth-12923993.html), [Mint](https://www.livemint.com/companies/news/jk-paper-quadragen-vethealth-acquisition-specialty-animal-health-business-qvpl-11738216146512.html)

JK Paper will acquire a 65% stake in Quadragen Vethealth Private Ltd (QVPL) upfront, with the remaining 35% to be acquired over four years.
The acquisition aligns with JK Paper's strategy to diversify into the high-growth animal nutrition sector, expanding its product portfolio.
Despite the strategic move, JK Paper's stock fell 6.05% following a 72% YoY decline in net profit for the December quarter.

Source: Moneycontrol, Mint