Dynamics of sale of KurlOn Enterprises to Sheela foam
The mattress industry major is attempting to diversify into furniture retail and establish an online presence by choosing to spend Rs. 300 crore in the furniture rental company. Will the…
Sheela Foam to acquire 94.6% stake in Kurlon for Rs 2,150 cr, 35% stake in Furlenco for Rs 300 cr
Sheela Foam Ltd, an Indian mattress manufacturer, announced on Monday that it would pay Rs 2,150 crore for a 94.66% stake in its rival Kurlon. In addition, Sheela Foam announced…
Sheela Foam to Acquire Kurlon Enterprise
Acquisition Information Announcing its intent to fully purchase Kurlon Enterprise Ltd., Sheela Foam Ltd. By purchasing 100% of the business in two separate deals totaling Rs 3,250 crore in cash,…