Sheela Foam

The fall came after the company posted a weak set of operational performance in the June quarter of FY25 (Q1FY25).

Winro Commercial India Ltd on Tuesday offloaded shares of Sheela Foam, the maker of popular mattress brand Sleepwell, for Rs 93 crore through an open market transaction. According to the block deal data available with the National Stock Exchange (NSE), Winro Commercial India sold more than 8.34 lakh shares at an average price of Rs 1,114 apiece. This took the deal value to Rs 92.97 crore. These shares were purchased by Blue Diamond Properties Pvt Ltd at the same price. Shares of Sheela Foam fell 0.49 per cent to close at Rs 1,136 per piece on the NSE. In July, Sheela Foam Ltd said it will acquire a 94.66 per cent stake in Kurlon Enterprises Ltd (KEL) for Rs 2,150 crore.

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Sheela Foam has acquired a controlling stake of 94.66 per cent in Kurlon Enterprises, maker of Kurl-on mattresses, at an equity valuation of Rs 2,150 crore.

It will also buy 35 per cent stake in Furlenco

Sheela Foam Ltd, the maker of popular mattress brand Sleepwell, on Monday said it will acquire a 94.66 per cent stake in Kurlon Enterprises Ltd for Rs 2,150 crore. The company also said it will acquire a 35 per cent stake in online furniture firm House of Kieraya Pvt Ltd for Rs 300 crore. The company's board at its meeting held on July 17, 2023, has approved the acquisition of Kurlon Enterprise Ltd and House of Kieraya Pvt Ltd, Sheela Foam said in a regulatory filing. "The company is acquiring 94.66 per cent of KEL's (Kurlon Enterprises Ltd ) share capital at an equity valuation of Rs 2,150 crore, subject to customary adjustments for net working capital, debt and surplus cash, if any," it said. KEL deals mainly in the manufacture and marketing of foam and coir-based home comfort products across the 'sit and sleep' categories like mattresses, furniture cushions, pillows and coverings. It was established in 1962 as Karnataka Coir Products, part of South India-based Pai family busine

Buying out Kurlon Enterprise, which makes the Kurl-on brand of mattresses, will help Sheela Foam nearly double its market share, the report by Moneycontrol said

The deal will help Sheela Foam to nearly double its market share in the mattresses segment, said the report

CLOSING BELL: The S&P BSE Sensex gained 732 points from the day's low, while the Nifty 50 jumped 218 points in intra-day trades, partly on account of short-covering owing to the monthly F&O expiry.

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The combined entity will have a market share of more than 50 per cent in India's organised mattress space

Indian mattress maker Sheela Foam Ltd will soon acquire competitor Kurlon for 20 billion rupees ($241.29 million), ET Now reported on Wednesday, citing sources

The stock of Sleepwell mattress maker has gained 28 per cent over the last month

On Sunday, coronavirus cases in Delhi reached 59,746

Besides, it is 4.5 per cent away from its all-time high of Rs 1,850 touched on November 29, 2017

Sheela Foam, the mattress market leader, is expanding its portfolio and reach

The stock hit intra-day high of Rs 1,019, up nearly 40% against its issue price of Rs 730 per share on the BSE

A Motilal Oswal report held the IPO as fairly priced with its share at the upper price band of Rs 730 being available at 34x of its PE earnings