Euro Pratik Sales shares surge 5% after acquiring majority stake in Uro Veneer World for ₹76.5 crore

Shares of the decorative wall panel and laminates industry player Euro Pratik Sales Ltd. gained nearly 5% on Monday, November 17, after the company said it has acquired 51% stake in Uro Veneer World for ₹76.5 crore.

The acquisition includes a capital infusion of ₹10.2 crore in the firm. Euro Pratik Sales said the acquisition marks its entry into the B2C segment, strengthening its presence beyond its distribution-led model.

By integrating Uro Veneer World, Euro Pratik Sales said it will gain valuable on-ground insights into the emerging design trends and consumer preferences, while delivering commercial advantages such as improved margins, faster deliveries, a stronger working capital cycle, and greater control over retail-level positioning. Uro Veneer World will also enable Euro Pratik to replace competing offerings within its own product portfolio, it added.

"With a firm footing and over 16% market share in the decorative wall panel segment, Euro Pratik is well-positioned to build on its strong foundation of innovation and design leadership," Pratik Singhvi, chairman and managing director of Euro Pratik Sales, said.

Euro Pratik shares listed on the stock exchanges in September at around an 11% premium to its issue price of ₹247 per share

The shares were up 4.8% at ₹370.4 apiece around 12.30 pm on Monday. The stock is now up 50% from its issue price.

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