JK Paper exits packaging JV, sells stake to Japanese partner – Feedback

JK paper today said that it has exited from its JV, Oji JK Packaging Private Ltd, by selling its share to Japan-based Oji Holdings Corporation.

“The company has sold the shares held by it in Oji JK Packaging Private Ltd to Oji Holdings Corporation, Japan and has ceased to be a party to the aforesaid joint venture and the Joint Venture Agreement inter alios with Oji JK Packaging Private Limited,” JK paper said in a BSE notification. JK Paper had 20 per cent share in the JV, while rest 60 per cent was with Oji Holdings Corporation and 20 per cent with Japan-based Marubeni Corporation.

http://economictimes.indiatimes.com/industry/indl-goods/svs/paper-/-wood-/-glass/-plastic/-marbles/jk-paper-exits-paper-jv-sells-stake-to-japanese-partner/articleshow/56691405.cms

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *