Alok Industries’ promoter group company -Niraj Realtors and Shares- has purchased additional 18.50 lakh equity shares of the company during April 16, 2012 to April 18, 2012 in the open market under creeping acquisition, constituting 0.22% of the paid up capital of the company and thereby increased its holding in the paid up capital of the company to 9.38% from 9.16%.
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.
