Alok Industries’ promoter group company Alok Finance has purchased additional 1,13,171 equity shares of the company in the open market under creeping acquisition, constituting 0.01% of the paid up capital of the company, and thereby increased their holding in the paid up capital of the company to 2.63% from 2.62%.
Following this acquisition, the holding of promoters and promoters Group of the company in the paid up capital of the company stands at 29.83% from 29.82%.
Earlier in August, the company’s promoter group company-Niraj Realtors and Shares- 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 increased their holding in the paid up capital of the Company to 8.80% from 8.68%.
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.
