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
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|
5-day change | 1st Jan Change | ||
872.2 INR | -2.51% | -3.39% | -29.68% |
05-22 | Transcript : Sheela Foam Limited, Q4 2024 Earnings Call, May 22, 2024 | |
05-21 | 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. | |
---|---|---|
-29.68% | 1.17B | |
+0.47% | 8.89B | |
+1.26% | 3.98B | |
+11.60% | 2.34B | |
-0.13% | 1.68B | |
+1.27% | 1.59B | |
+18.75% | 1.06B | |
+21.66% | 1.07B | |
+10.46% | 930M | |
-14.80% | 776M |
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- Sheela Foam Reportedly to Acquire Rival Kurlon and Furniture Maker Furlenco