India's 'Sleepwell' mattress-maker jumps on Furlenco investment

Sheela Foam

08/10/2024 10:51

** Shares of India's 'Sleepwell' mattress-maker Sheela Foam
 SHEF.NS  up 3.3% to 901 rupees 
    ** Co to invest 1.07 bln rupees ($12.74 million) for ~10.5%
stake in furniture firm Furlenco 
    ** SHEF set to snap four-session losing streak 
    ** YTD stock has fallen 27% 


($1 = 83.9550 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))