JK Paper Limited (BSE:532162) agreed to acquire 85% stake in Securipax Packaging Private Limited for approximately INR 580 million on November 21, 2022. As of FY 2021-22, Securipax Packaging Private Limited reported turnover of approximately INR 910 million. the Board of Directors of JK Paper Limited has approved for the acquisition.

The deal is expected to be completed within three weeks of execution of separate Share Purchase and Shareholders' Agreements.