Subscribe To Print Edition About The Tribune Code Of Ethics Download App Advertise with us Classifieds

Sheela Foam to buy Kurlon for Rs 2,150 crore

PTI

Updated At : 11:47 AM Jul 18, 2023 IST

New Delhi, July 17

Sheela Foam Ltd, the maker of popular mattress brand Sleepwell, on Monday said it will acquire a 94.66% stake in Kurlon Enterprises Ltd (KEL) for Rs 2,150 crore.

Deal dynamics
It will acquire 94.66% stake of Kurlon Enterprises at an equity valuation of Rs 2,150 crore

The company also said it will acquire a 35% stake in online furniture firm House of Kieraya Pvt Ltd for Rs 300 crore. KEL deals in the manufacture and marketing of mattresses, cushions and pillows.

Live Matches

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by :

Sheela Foam to buy Kurlon for Rs 2,150 crore

PTI

Unlock Exclusive Insights with The Tribune Premium

Live Matches