Proposed Fabwood acquisition put on hold
EUROPRATIK · price
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On the reaction day the stock moved 3.4 pts less than its Furniture Home Furnishing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Euro Pratik Sales Limited has placed its proposed purchase of a 56% stake in Fabwood Solutions LLP on hold. The planned investment was Rs 42.70 crore. The company is consulting legal advisers and evaluating next steps before taking a final decision.
The pause creates uncertainty over the acquisition and may weigh on the stock, but the company has not called off the deal.