India's Sheela Foam to buy majority stake in Kurlon for $262 mln

Sheela Foam

17/07/2023 12:56

BENGALURU, July 17 (Reuters) - Mattress maker Sheela
Foam on Monday said it would acquire a nearly 95% stake in rival
Kurlon for 21.5 billion rupees ($262.09 million), as it eyes a
bigger share in India's mattress market.

($1 = 82.0326 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru; Editing by Nivedita
Bhattacharjee)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))