Euro Pratik Acquires Majority Stake In Chawla Brothers

28 Mar 2026 CW Team

Euro Pratik Sales Limited has agreed to acquire a 51 per cent stake in Chawla Brothers for Rs 332 mn, including a capital infusion of Rs 41 mn. The transaction is expected to be completed by March 31, 2026 and will be funded through internal accruals, reflecting a net debt free balance sheet. The business is projected to generate Rs 800 mn in revenue in FY27.

This is the company’s second strategic acquisition in the last four months, following the purchase of URO Veneer World which strengthened presence in the southern market. Together the transactions reflect a focused strategy to expand geographic footprint and deepen presence across India. Management has characterised the move as part of continued evaluation of value accretive growth opportunities.

Chawla Brothers was founded in 1978 and has established distribution across Punjab, Haryana, Jammu and parts of Himachal Pradesh, with strong reach in tier two and tier three cities and towns. The firm operates both wholesale and retail channels and supports a diverse customer base including architects, builders, contractors, original equipment manufacturers and retail consumers. It operates an extensive dealer network of over 450 dealers and maintains warehousing of 50,000 sq. k. from key locations in Jalandhar and Ludhiana.

The integration is expected to accelerate product penetration in underpenetrated regions by leveraging Chawla Brothers’ established dealer network to improve market access across wholesale and retail channels. Management anticipates a gradual replacement of competing products with Euro Pratik’s own offerings, driving higher revenue and market reach. Improved logistics efficiency, existing infrastructure and regional brand equity are expected to support sustainable growth while the company retains a net debt free position. The chairman further indicated that the company will continue to evaluate strategic acquisition opportunities to drive long term shareholder value.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..