J K Paper to acquire HPPL and SPPL, India's leading corrugated papers manufacturers for Rs. 578 Cr. To become largest player of Corrugated Pacjaging manufacturer
As per share purchase & share holder's agreements 85% will be acquired now & remaining 15% will be acquired over 3 years
Mumbai based HPPL, Uttarakhand based SPPL and J K Paper's Ludhiana mill - together J K Paper will become largest manufacturer of Corrugated packaging
The purchase consideration for acquisition of 85% of equity shares of Horizon Packs will be 19.33 rupees per equity share of 10 rupees each
The purchase consideration for acquisition of equity shares of Securipax will be 1,256.95 rupees per equity share of 100 rupees each
J K Paper stock has given 180% returns from its 52 week low of 192. Valuationwise it is expensive and fresh entry at this level not recommended