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CaratLane Trading is under the lens of the Enforcement Directorate (ED) for alleged violation of Foreign Direct Investment (FDI) regulations. The omnichannel retailer has challenged a show-cause notice issued by the investigative authority, sources tell us. This and more in todays Morning Dispatch.
India Business News: MUMBAI: Sheela Foam, best known for its Sleepwell brand of mattresses, will buy rival Kurlon Enterprises for Rs 2,150 crore in what is its largest acq.
Sheela Foam on Monday will acquire a 35% stake in House of Kieraya, the parent company of furniture rental startup Furlenco, for INR 300 Cr
In 2018, Aditi Avasthi conducted a successful corporate round with MukeshAmbani-led Reliance Industries when the company agreed to invest USD 180 million in Embibe.
The enterprise value of the furniture rental startup is being pegged at ₹500 cr