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Sheela Foam gets nod for investment in House of Kieraya
Oct-08-2024

Sheela Foam has received approval from board for subsequent investment in House of Kieraya. The subscription in shares and warrants will increase the stake in the target company. 

The Company will subscribe upto 50,45,540 equity share in the right issue offered by Target company and exercising partly paid up subscribed 56,00,995 warrant and purchase upto 3,50,000 shares from the existing shareholders aggregating consideration upto Rs 107 crore.

Sheela Foam is a leading manufacturer of mattresses in India marketed under its flagship brand “Sleepwell”.

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