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Alok Industries’ promoters group hike shareholding in the company

18 Aug 2011 Evaluate

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 0.12% of the paid up capital of the Company, and thereby have increased their holding in the paid up capital of the Company to 8.80% from 8.68%.

With this acquisition, the holding of Promoters and Promoters Group of the Company in the paid up Capital of the Company stands at 29.56% from 29.43%.

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.

Peers
Company Name CMP
Vardhman Textiles 537.00
Welspun Living 235.35
Arvind 531.15
Raymond Lifestyle 625.50
K.P.R. Mill 1100.30
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