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Sheela Foam completes acquisition of 2.57% stake in Kurlon Enterprise

13 Jan 2024 Evaluate

Sheela Foam has completed the acquisition of 2.57% of the share capital of Kurlon Enterprise (KEL) for an aggregate consideration of approximately Rs 55.33 crore. Sheela Foam now holds 97.23% of the share capital of KEL.

Earlier, the company had completed the acquisition of 94.66% of the share capital of KEL for an aggregate consideration of approximately Rs 2035 crore, subject to customary post-closing adjustments, including for net working capital, debt and surplus cash.

Sheela Foam is a leading manufacturer of mattresses in India marketed under its flagship brand “Sleepwell”.


Sheela Foam Share Price

548.50 1.00 (0.18%)
17-Apr-2026 16:59 View Price Chart
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