Sleepwell mattress owner's shares soar after Kurlon buy, Furlenco investment

Sleepwell mattress owner's shares soar after Kurlon buy, Furlenco investment

Source: Unsplash

Sheela Foam, the owner of India’s Sleepwell Mattress, said it will acquire rival mattress maker Kurlon Enterprises Ltd (KEL) for Rs 2,035 crore ($248 million) and a 35% stake in furniture rental startup Furlenco for Rs 857.14 crore ($104 million), sending its shares up.

Edited by: Pramod Mathew

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