Sheela Foam to buy Kurlon for Rs 2,150 crore

PTI

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

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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.

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