JK Paper witnessed a rise in share price on Friday after the company has decided to sell the 20% shareholding in joint venture 'Oji India Packaging (OJPPL)' to Oji Holdings Corporation, Japan (OHC), one of the joint venture parties, and has authorized in this regard certain directors, executives of the company to sign the Share Purchase Agreement and to transfer the relevant shares to OHC, whereby the company would cease to be a party of the above said Joint Venture.

Shares of J K Papers are trading at Rs 86.55, up Rs 1.95, or 2.30% at the Bombay Stock Exchange (BSE) on Friday at 10:16 a.m.

The scrip has touched an intra-day high of Rs 89.00 and low of Rs 85.95. The total volume of shares traded at the BSE is 160,151.

Total volume of shares traded on the bourses today was higher by 9.23% to 803,381 compared with 22-day average volume of 735,480.