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An amount of Rs 90 crores has been invested by the Motilal Oswal Private Equity Investment Advisor (MOPE) in mattress and foam manufacturing company Kurlon.
Kurlon said in a statement that the funds will be used for investing in capacities, deepening the distribution network.
The Chairman and Managing Director T Sudhakar Pai said, “Partnering with Motilal Oswal Private Equity will help the company achieve its three-dimensional goal of becoming the largest and the fastest growing mattress and foam manufacturer in the country while continuously improving its market share and strengthening the Kurlon brand.”
