Corporate News     17-Jul-23
Board of Sheela Foam to acquire stake in Kurlon and Furlenco
At meeting held on 17 July 2023
The Board of Sheela Foam at its meeting held on 17 July 2023 has approved the acquisition of Kurlon Enterprise (KEL) and House of Kieraya (Furlenco).

The company's acquisition of 94.66% stake in KEL at an equity valuation of Rs 2150 crore is expected to be completed by or before 30 November 2023.

The company's acquisition of 35% stake in Furlenco for a consideration of Rs 300 crore is expected to be completed by 31 August 2023.

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