Alok Industries’ promoter group company - Niraj Realtors and Shares has purchased additional 40.50 lakh equity shares of the company during April 10, 2012 to April 13, 2012 in the open market under creeping acquisition constituting 0.49% of the paid up capital of the company and thereby increased its holding in the paid up capital of the company to 9.16% from 8.67%.
With this acquisition, the holding of promoters and promoters group of the company in the paid up capital of the company stands at 32.27% from 31.78%.
Alok 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.
