When Folenko began operations in 2011, the big bet was that young millennials wanted flexibility. But somewhere along the way, the company lost the plot and ventured into selling brand new furniture. Sheila Foam is paying quite heavily for this purchase - it's nearly six times the sales according to estimates by ICICI securities.
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 —