M&A

M&A

Home decor player Euro Pratik acquires 51% stake in Chawla Brothers for Rs.33.2 Cr

NSE Announcement   NSE Announcement   Business Line  

Mumbai-based, publicly listed home decor products player Euro Pratik Sales Ltd has acquired a 51% stake in Jalandhar- and Ludhiana-based partnership firm Chawla Brothers for INR 33.2 crore, which includes a capital infusion of INR 4.1 crore. The transaction will be financed entirely through internal accruals.Founded in 1978, Chawla Brothers specializes in decorative surfaces across Punjab, Haryana, Jammu & Kashmir, and Himachal Pradesh. Its customer base includes architects, builders, contractors, OEMs, and retail consumers.Euro Pratik plans to gradually integrate its own product portfolio into Chawla Brothers' offerings to drive margin expansion and revenue growth. The acquired business is projected to generate approximately INR 80 crore in revenue in FY27.