Shardul Amarchand Mangaldas & Co. (SAM) directed JK Paper Limited on its INR 235 crore acquisition of a popularly held stake in Borkar Packaging Private Limited (BPPL), through a combination of primary infusion and secondary investment. The business is split into numerous tranches, with the first tranche consequential in attainment of 72% equity share in BPPL for a deliberation of INR 235 Crore, and the ensuing tranches (to be finished within the next 4 years from the concluding of the first tranche) cumulatively resulting in 100% attainment of BPPL.
The business is part of JK Papers inorganic development plan to reinforce its competencies in the folding cartons space. It is a phase in consolidating its position in the broader paper packing landscape. The SAM team was controlled by Nivedita Tiwari, in collaboration with Anushka Ganguli, Associate, and Tweisha Mishra, Senior Associate.
The due assiduousness was assumed by a cross-functional team encompassing Nivedita Tiwari, Partner; Devesh Pandey, Partner; Rohit Bajaj, Partner; Kriti Kaushik, Partner; Shridha Malhotra, Principal Associate; Tweisha Mishra, Senior Associate; Istuti Kapoor, Senior Associate; Stuti Dhawan, Associate; Tryambica Singh, Associate; Abhimanyu Chattree, Associate; and Yaggya Kapoor, Associate.
Clove Legal represented BPPL and the vendors as legal counsel, while Singhi Advisors acted as the business financial counsel.
The business is split into numerous tranches, with the first tranche resulting in the attainment of 72% equity share in Borkar Packaging for a deliberation of ₹235 crore, and the succeeding tranches (to be accomplished within the next 4 years from the concluding of the first tranche) cumulatively resultant in 100% attainment of the Company. This inscription marks JK Papers fifth attainment in the packaging sector over the past 3 years, as it continues to expand beyond its traditional paper engineering business. As per media reports, the inventiveness value of Borkar Packaging, comprising its debt, was pegged at approximately Rs 450 crore in this deal.
Borkar had been exploring capital-raising options since the previous year and had approached several suitors to raise Rs 400–500 crore. Japanese packing major Oji Holdings, Investcorp-backed ITC, and Canpac Trends were among the companies that had stated interest in receiving Borkar.
26 January 2026
26 January 2026
23 January 2026
23 January 2026