Euro Pratik Sales Limited Acquires Majority Stake in Elements Trading Co (LLC)
Euro Pratik Sales Limited, formerly known as Euro Pratik Sales Pvt. Ltd., has acquired a majority stake in Elements Trading Co (LLC) through its wholly owned subsidiary, EURO PRATIK TRADE - FZCO. The acquisition establishes Elements Trading Co (LLC) as a stepdown subsidiary of the Company.EURO PRATIK TRADE - FZCO acquired a 51% shareholding in Elements Trading Co (LLC) for a consideration of AED 51,000/-. The object of this acquisition is to gain market reach in Dubai.
The details pertaining to the acquired entity and the transaction are summarized below.
| Particulars | Details |
|---|---|
| Target Entity Name | Elements Trading Co. (LLC) |
| Incorporation Date | 18 th December, 2024 |
| Capital | AED 100,000/- |
| Turnover | Nil |
| Industry | Wall Panels and Laminates |
| Percentage of Shareholding Acquired | 51% |
| Cost of Acquisition | AED 51,000 |
| Nature of Consideration | Cash consideration |
| Line of Business | Wall Panels and Laminates |
| Presence | Dubai |
The acquisition falls within the Wall Panels and Laminates industry. The indicative time period for the completion of this acquisition is set for September 30, 2026.
This transaction means that Elements Trading Co (LLC) is now the stepdown subsidiary of the Company.
EUROPRATIK Stock Price Movement
On Wednesday, Euro Pratik Sales Limited shares edged higher to close at ₹230.59, marking a 3.22% gain for the equity. The stock settled for the session on a total traded volume of 222,440 shares.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.