Securipax Packaging installs BHS Ecoline printweek.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from printweek.in Daily Mail and Mail on Sunday newspapers.
JK Paper announced acquisition of Horizon Packs and Securipax Packaging for Rs 590 crore. The two acquisitions are India's largest corrugated packaging manufacturers with a revenue of Rs 832 crore in FY21-22. As per market reports, this move is considered "smart use of bumper cash flows (Rs 960 crore) for forward integration."
Stocks to watch out for today: Kaynes Technologies, Lupin, MIC Electronics, Force Motors, Archean Chemical, JK Paper, Blue Star, Sensex, Nifty, Power Finance Corporation, BHEL, stocks in news, Jubilant Foodworks, Delhivery, Nykaa, and more
Dhunseri Tea and Industries surged 5.93 per cent to hit a high of Rs 232.10 on BSE after the company entered into memorandum of understanding (MoU) with Warren Tea to acquire three tea estates in Assam