Jiwrajka Associates, promoter group of Alok Industries has increased its stake in the company by acquiring 8,00,000 equity shares of Alok on April 20, 2012 in the open market under creeping acquisition (constituting 0.10% of the paid up capital of the company). Accordingly, the promoter group’s stake in the company increased to 4.39% from 4.29%.
Earlier in April, the company’s promoter group company -Niraj Realtors and Shares- 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 Industries 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.
Company Name | CMP |
---|---|
PDS | 439.75 |
Vardhman Textiles | 438.00 |
Arvind | 333.95 |
Welspun Living | 148.90 |
Alok Inds | 26.98 |
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