Euro Pratik to acquire 51% of Drashti Surfaces for Rs 31.12 crore
EUROPRATIK · price
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Euro Pratik plans to buy a 51% stake in Drashti Surfaces for Rs 31.12 crore, funded from internal funds. The deal is expected to close within 90 days of the share agreement, with up to Rs 20 crore committed as a loan to Drashti. The target makes premium veneers and decorative laminates and projects Rs 120 crore revenue in FY27-28. Euro Pratik says the purchase will add owned manufacturing, broaden its product range and support growth.
The deal may improve control over costs and product launches while adding manufacturing and export sales. It also brings funding and integration risk.