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.