SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Alok eyes Rs1,600 crore from realty deals

20 Oct 2010 Evaluate

Alok Industries expects to finalise the sale of its two properties within one year to 18 months and is eyeing Rs1,500-1,600 crore from the deals. The properties include around 7 lakh square feet of commercial space at Lower Parel and around 500 acres of land in Silvassa.

The company may use Rs 900 crore from the sale proceeds to retire debt raised for buying the commercial space. The remaining Rs 600 crore would be available for investment in the company’s textile business. It will either use the Rs 600 crore to retire debt in the textile segment or for expansion plans.

crackcrack

Alok Inds Share Price

14.43 0.10 (0.70%)
16-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 123.85
Vardhman Textiles 545.10
Arvind 382.70
K.P.R. Mill 894.60
Page Industries 36971.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×