[ad_1]
Sheela Foam Limited has incorporated a wholly owned subsidiary “International Comfort Technologies Private Limited” (ICTPL) with the Registrar of Companies, Delhi on October 1, 2021.
Initially, ICTPL will establish two manufacturing facilities one is at Village: Medhi, Tehsil: Niwas, District: Mandla near Jabalpur and other is at Nandigram, Gujarat with the object to manufacture the valued products to tap rural or semi urban market targeting consumer segment and scaleup the export and e-commerce business.
The company will carry out manufacturing and selling of Foam, Mattresses, Pillows, Home Comfort Products, and related articles in India and Overseas Countries.
The cost of project would be around Rs. 200 crores. Half of the project cost would be funded by Sheela Foam Limited through equity / preference shares / loan and remaining would be funded by Bank(s).
Shares of Sheela Foam Limited was last trading in BSE at Rs. 2392.85 as compared to the previous close of Rs. 2339.95. The total number of shares traded during the day was 1076 in over 404 trades.
The stock hit an intraday high of Rs. 2426.45 and intraday low of 2314.85. The net turnover during the day was Rs. 2547053.
[ad_2]
Source link
