Today the announcement for the aquisition of Kurlon for a valuation of about Rs.2200 Cr was made by Sheela Foam. This clearly demonstrates that the size of opportunity in the foam mattress market is huge
However, MM Rubber, promoted by the MRF group, remains a small company. A quick check with a couple of dealers confirmed that they make high-quality products. Yet the sales remains around 40cr in FY22-23. Is there any reason why such a dynamic promoter has chosen to ignore the opportunity and let the company drift?
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