India's Sheela Foam to acquire rival Kurlon in $396 mln deal - Moneycontrol

Sheela Foam

28/06/2023 06:10

BENGALURU, June 28 (Reuters) - India's Sheela Foam
 SHEF.NS  will acquire rival Kurlon Enterprise for a cash
consideration of 32.50 billion rupees ($396.37 million),
Moneycontrol reported on Wednesday, citing a person familiar
with the matter. 

    
($1 = 81.9950 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia
Cheema)
 ((Hritam.Mukherjee@thomsonreuters.com; Twitter:
@MukherjeeHritam;))