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

BENGALURU (Reuters) - India's Sheela Foam 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)