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Motilal Oswal PE has invested Rs 90 crore in Kurlon

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.”

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