Alok Industries’ promoter group company - Jiwrajka Associates - has purchased additional 13.00 lakh equity shares of the company during April 17, 2012 to April 19, 2012 in the open market under creeping acquisition, constituting 0.15% of the paid up capital of the company and thereby increased its holding in the paid up capital of the company to 4.29% from 4.14%.
With this acquisition, the holding of Promoters and Promoters Group of the company in the paid up capital of the company stands at 32.65% from 32.27%.
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.
