Euro Pratik Sales Limited has announced the acquisition of a 51% stake in Elements Trading Co (LLC) through its wholly owned subsidiary, Euro Pratik Trade - FZCO. The acquisition was made for a consideration of AED 51,000, making Elements Trading Co a stepdown subsidiary of Euro Pratik Sales.
Elements Trading Co (LLC), incorporated on 18th December 2024, operates in the wall panels and laminates industry. Despite having a capital of AED 100,000, the company has reported no turnover to date. The acquisition aims to expand Euro Pratik Sales' market reach in Dubai, aligning with its strategic goals.
The acquisition does not fall under related party transactions, and no governmental or regulatory approvals were required. The transaction is expected to be completed by 30th September 2026, with the consideration being paid in cash.
The acquisition of Elements Trading Co is a strategic move to enhance Euro Pratik Sales' presence in the Middle East, particularly in Dubai, where Elements Trading Co is based. The acquisition aligns with Euro Pratik Sales' objective to diversify its operations and strengthen its foothold in the wall panels and laminates sector.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Kinjal and reviewed by Aditya Bhagchandani before publication.