Sheela Foam Limited (NSEI:SFL) agreed to acquire International Comfort Technologies Pvt Ltd on November 8, 2022. The Board of Directors of the Sheela Foam at its meeting held on November 8, 2022, has approved the Scheme of Amalgamation of International Comfort Technologies Private Limited. The acquisition is subject to necessary statutory and regulatory approvals including the approvals of National Company Law Tribunal.
Sheela Foam Limited completed the acquisition of International Comfort Technologies Pvt Ltd on November 18, 2022.