JK Paper - buys 15.40% of Borkar Packaging on June 11, 2026

JK Paper Limited has acquired an additional 15.40% stake in Borkar Packaging Private Limited on June 11, 2026, as part of its ongoing strategy to strengthen its position in the folding carton and corrugated packaging segments. This acquisition follows the initial purchase of a 72% stake in Borkar Packaging for INR 235 crore in July 2025, with the remaining stake to be acquired over a four-year period. The latest stake acquisition brings JK Paper closer to full ownership of Borkar Packaging, which is among India’s top three folding carton manufacturers and operates seven manufacturing facilities nationwide.

The deal is consistent with JK Paper’s broader inorganic growth strategy, which has included four other acquisitions in the paper packaging sector over the past three years. Borkar Packaging, a family-owned business based in Goa, reported a turnover of over INR 400 crore in recent fiscal years and serves major FMCG clients. The acquisition is expected to enhance operational synergies and expand JK Paper’s geographic and customer reach in a sector projected to grow at a compound annual growth rate (CAGR) of approximately 19%, reaching $46 billion by 2030.

Singhi Advisors served as the exclusive financial advisor to Borkar Packaging, while Shardul Amarchand and EY provided legal and advisory support to JK Paper. The transaction underscores the ongoing consolidation in India’s paper packaging industry, driven by sustainability trends and increasing demand for eco-friendly packaging solutions.