Announced Wed, 23 Sept, 2026 · 12:37 IST
Board approves 56 percent stake acquisition in Fabwood Solutions for Rs 42.70 Crore
EUROPRATIK · price
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Price reaction · full curve 14 horizons · vs prior close
-4.2%1-day move
₹220.40
prior close
₹224.95
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AI summary
Euro Pratik Sales board approved acquiring 56 percent controlling stake in Fabwood Solutions LLP, which will own M/s. Fab Wood business. Total cash investment of Rs. 42.70 Crore, including Rs. 8.40 Crore capital infusion. Fab Wood deals in timber, engineered wood, cladding and doors, with FY25-26 turnover of Rs. 45.25 Crore. Deal to boost South India presence and widen product portfolio. Not a related party transaction. Completion targeted by 8th October 2026.
Likely market impact
Expands South India footprint, adds about Rs 45 Cr revenue base, strengthens wood solutions portfolio. All-cash deal, no related party angle.