Euro Pratik Sales to Acquire 51% Stake in Drashti Surfaces for ₹31.12 Crore
Euro Pratik Sales Limited will acquire a 51% stake in Drashti Surfaces Private Limited for ₹31.12 crore, with a potential additional loan of ₹20 crore. The deal, expected within 90 days, aims to enhance Euro Pratik's product offerings and manufacturing capabilities in premium veneers and laminates.
The acquisition of a controlling stake in a complementary business with significant investment and potential for enhanced market penetration and growth is considered a high impact event.
The acquisition is positive as it strengthens Euro Pratik's product portfolio, manufacturing capabilities, and market presence through synergies and integration.
Euro Pratik Sales Limited has announced the acquisition of a 51% controlling stake in Drashti Surfaces Private Limited, a manufacturer of premium veneers and decorative laminates. The transaction is valued at ₹31.12 crore, with an additional loan commitment of up to ₹20 crore. This acquisition is expected to be completed within 90 days and will be funded in phases through internal accruals.
Drashti Surfaces, promoted by Mr. Jitendra Nandu, possesses manufacturing facilities in Bhilad and Silvassa and has expertise in the decorative veneer and laminate industry since 1998. The company offers a diverse portfolio catering to various applications and is known for pioneering synchronized laminates and release paper-based laminates in India, with an international market presence.
The acquisition aims to strengthen Euro Pratik's product offerings and manufacturing capabilities by adding an owned manufacturing base for premium veneers and laminates. This move is expected to provide greater control over quality, costs, and speed-to-market. The combined entity anticipates enhanced market penetration and sustainable long-term growth through synergies in manufacturing, distribution, design innovation, and customer relationships.
Mr. Pratik Singhvi, Chairman and Managing Director of Euro Pratik Sales Limited, stated that this acquisition complements previous strategic additions like URO Veneer World and Chawla Brothers, further integrating the company's decorative surfaces platform. He highlighted that Drashti's specialized products and customer relationships align with Euro Pratik's vision to become a comprehensive interior decorative and surface solutions provider.
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Euro Pratik Sales Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Euro Pratik Sales Limited. Read the original for the full detail.