M&A

M&A

JK Paper acquires animal well-being focused Quadragen Vethealth for Rs.300-Cr

Press Release   BSE Announcement  

Bengaluru-based animal health firm Quadragen Vethealth (QVPL) has been acquired by New Delhi-based, publicly listed packaging solutions company JK Paper for INR 300 crore.JK Paper will initially acquire a 65% stake in QVPL (39 lakh shares at INR 769.23 per share). The remaining 35% will be acquired in the next four years.Quadragen Vethealth develops and manufactures animal health products including feed supplements, growth promoters, and offers healthcare solutions for various livestock species.Quadragen has reported an annual turnover of INR 151.96 crore in FY24.

For FY23, Quadragen VetHealth had reported about INR 142 Cr in Operating Income and about INR 22 Cr in PAT.