Sheela Foam Limited (BSE:540203) agreed to acquire Staqo World Private limited on February 10, 2020. Under the terms, the consideration for the transaction will be paid in cash. The board of Sheela Foam Limited approved the transaction. The transaction is expected to close on or before February 29, 2020 subject to closing conditions. Sheela Foam Limited (BSE:540203) completed the acquisition of Staqo World Private limited for INR 0.07 million on March 26, 2020. Under the terms of consideration 0.01 million shares were acquired for INR 0.073 million.