Uniply Industries surges 5% after Markab Capital acquires controlling stake

Shares of Uniply Industries rallied nearly 5 per cent to Rs 66.50 apiece in the early morning trade on Thursday, a day after Kuwait-based multi-family office investment firm Markab Capital WLL announced acquisition of a controlling stake in the company. The offer values the company at an enterprise value of over Rs 1,550 crore on a fully diluted basis.

Uniply is an integrated architectural, design and build turnkey solutions provider in the residential and commercial sectors. The company offers an entire gamut of services from architectural design and build, mechanical, electrical, plumbing, interiors, and furniture. Uniply, headquartered in Mumbai has presence