chennai plywood and laminate manufacturer uniply industries ltd on wednesday said it would buy 100 stake in architectural and interior design firm vector projects pvt ltd in a cash and stock deal for rs 6412 croreas per the deal rs 2313 crore will be given as uniply shares to vector shareholders and rs 4099 crore in cash the cash will be funded in majority by me and a group of investors well known to me said keshav kantamneni ceo uniply industries the deal which is expected to close on april 1 will add value to shareholders added kantamnenithe deal is expected to help uniply add value to its customers chain we are already providing more products than we used to from plywood and laminate we have expanded to wooden flooring and adhesives we are not looking at competing with market leaders in the adhesive space what we want to do is add more value to our dealers with each truck that we deliver we want to offer more products and better value for the same shipment to our 900 plus dealers said kantamnenifor vector projects the deal is expected to give access to a wider customer base the slump in the real estate market is a very broad stroke to brush everyone with we are still seeing a lot of interest many of the it companies have been running their offices for eight years and more there is a lot of refurbishing that we see coming our way said umesh rao founder vector projects