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 | ||
895.2 INR | +2.63% | -0.58% | -27.79% |
22/05 | Transcript : Sheela Foam Limited, Q4 2024 Earnings Call, May 22, 2024 | |
21/05 | Sheela Foam Limited Reports Earnings Results for the Full Year Ended March 31, 2024 | CI |
EPS Revisions
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-27.79% | 1.13B | |
-1.47% | 8.72B | |
+5.11% | 4.13B | |
+15.05% | 2.41B | |
+1.97% | 1.72B | |
-1.25% | 1.55B | |
+22.74% | 1.08B | |
+18.99% | 1.06B | |
+14.76% | 966M | |
-14.80% | 776M |
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- Sheela Foam Reportedly to Acquire Rival Kurlon and Furniture Maker Furlenco