BENGALURU (Reuters) – India’s Sheela Foam will acquire rival Kurlon Enterprise for a cash consideration of 32.50 billion rupees ($396.37 million), Moneycontrol reported on Wednesday, citing a person familiar with the matter.
($1 = 81.9950 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)
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