Alok Industries’ promoter group company -Niraj Realtors and Shares-has purchased additional equity shares of the company in the open market under creeping acquisition, constituting 0.06% of the paid up capital of the Company, and thereby have increased their holding in the paid up capital of the Company to 8.68% from 8.61%.
With this acquisition, holding of Promoters and Promoters Group of the Company in the paid up capital of Company stands at 29.43% from 29.37%.
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.
