Sheila foam has bought a 95% stake in rival mattress maker Curlorn. The acquisition is part of the company's ambitious expansion plan. Sheila foams Forte will now control 40% of the branded mattress market. It also sells comfort foam that other manufacturers can use in pillows and furniture.
In today’s episode for 22nd July 2022, we explain why Sheela Foam is making some big acquisitions.
Before we begin today's episode, here's a quick side note —
A few days ago, Reliance Industries announced that it was buying back Reliance Retail’s shares at ₹1362/per share. And investors were upset!
Why? Because they had purchased these unlisted shares at ₹3000!! And they felt cheated by the family of the richest Indian. But what’s the truth?
Head over to our YouTube channel to find out. In our latest YouTube video we present an in-depth explanation of all that went down with Reliance Retail and minority shareholders.
Please click this link - https://finshots.in/markets/sheela-foam-kurls-on-furlencos-bed/
And now back to our story —