Sheela Foam Limited (NSEI:SFL) will acquire Kurlon Enterprise Limited at a valuation of INR 22,000 million while it would infuse a primary fund of INR 3,500 million - INR 4,000 million to buy controlling stake in Kieraya Furnishing Solutions Private Limited (Furlenco) at a valuation of INR 12,000 million - INR 15,000 million, the people said on condition of anonymity. The acquisition will be funded by a mix of equity, internal accruals, and debt. Although Sheela Foam has a history of acquisition, this is the first time it has been announcing two acquisitions in one go.
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|
5-day change | 1st Jan Change | ||
912.8 INR | -1.07% | -0.60% | -26.41% |
05-21 | Sheela Foam Limited Reports Earnings Results for the Full Year Ended March 31, 2024 | CI |
03-01 | Sheela Foam Buys Land, Building for INR412 Million | MT |
EPS Revisions
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-26.41% | 1.2B | |
-2.24% | 8.85B | |
+8.69% | 4.21B | |
+16.61% | 2.52B | |
+10.52% | 1.9B | |
-5.42% | 1.51B | |
+29.41% | 1.15B | |
+23.40% | 1.12B | |
+9.15% | 902M | |
-9.54% | 848M |
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- Sheela Foam Reportedly to Acquire Rival Kurlon and Furniture Maker Furlenco