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.
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
952.4 INR | -0.37% | +2.10% | -23.20% |
May. 22 | Transcript : Sheela Foam Limited, Q4 2024 Earnings Call, May 22, 2024 | |
May. 21 | 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. | |
---|---|---|
-23.20% | 1.24B | |
-5.30% | 8.38B | |
-6.71% | 3.66B | |
+4.88% | 1.62B | |
-3.64% | 1.62B | |
+37.66% | 1.21B | |
+4.70% | 930M | |
-1.37% | 828M | |
-21.38% | 714M | |
-14.76% | 691M |
- Stock Market
- Equities
- SFL Stock
- News Sheela Foam Limited
- Sheela Foam Reportedly to Acquire Rival Kurlon and Furniture Maker Furlenco