CARE assigns ‘A+’ rating to the proposed long term NCDs of Alok Industries

02 Feb 2012 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has assigned ‘A+’ rating to the Alok Industries’ proposed long term non-convertible debentures (NCDs) issue aggregating to Rs 500 crore. The proposed NCDs would have tenure of more than one year and up to eight years.

Alok Industries has evolved from a small trading business into India’s largest integrated textiles player. It is present across various verticals of the textile value chain - from yarn manufacturing to garmenting. Alok’s production facilities are at Silvassa, Vapi and Navi Mumbai. The company also has a presence in the domestic retail segment and in real estate through a wholly-owned subsidiary.

Alok Inds Share Price

26.98 0.01 (0.04%)
03-May-2024 16:01 View Price Chart
Peers
Company Name CMP
PDS 439.75
Vardhman Textiles 438.00
Arvind 333.95
Welspun Living 148.90
Alok Inds 26.98
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.