UTI Mutual Fund increased its stake in JK Paper from 3.77% to 4.03%, raising its shareholding by 484,252 shares. The value of the additional shares is ₹17.9 Cr at ₹369.55 apiece.
A leading Indian paper manufacturer established in 1962, JK Paper produces office papers, coated papers, and packaging boards for domestic and international markets. The company operates vertically integrated manufacturing facilities with advanced technology and serves diverse sectors including publishing, packaging, commercial printing, and specialty applications. It is recognized as one of India's most respected and established paper producers in the industry.
India's oldest and most storied asset manager, founded in 1963 as the Unit Trust of India under an Act of Parliament. Now manages over Rs 3.5 lakh crore with backing from four public sector institutions: LIC, SBI, Bank of Baroda, and Punjab National Bank. CIO Vetri Subramaniam is a long-term compounder with a consistent quality tilt and clear articulation of process.
