Niraj Realtors and Shares, a promoter group company of Alok Industries has increased its stake in the company by purchasing additional 21,00,000 equity shares of the company on June 18, 2012 under creeping acquisition (constituting 0.25% of the paid up capital of the company) and thereby increased their holdings in the paid up capital of the company to 9.82% from 9.57%.
With this acquisition, the holding of promoters and promoters group of the company in the paid up capital of the company stands at 33.55% from 33.30%.
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.
